IanLip

SPY still not looking good

AMEX:SPY   SPDR S&P 500 ETF TRUST
Hate sounding bearish as I still have hope to go higher but not liking what I see lately, this market needs to show some strength in order to prove this bull is still healthy and not tired, or worse ... over.

Last chart I posted I was hoping the market would complete a bullish gartley, it did not, instead it is now showing a possible bearish gartley. If we start to fall, hopefully it will be just a dip and we will stay above the trend line.

The good thing is the CMF is back in positive territory.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.