alanmasters
Short

The SPDR S&P 500 ETF TRUST (SPY) Looking Bearish

AMEX:SPY   SPDR S&P 500 ETF TRUST
The SPY is looking bearish based on candlestick reading and multiple signals coming from this chart and indicators.

Its value can continue to drop .

On the chart above I've marked the important support levels using the Fib. extension tool.

The black line on the chart represents MA1000.
A wick below this line is where I believe the bleeding will stop.

This is not financial advice.
Do your own research before you trade.
We are not responsible for your actions.

Thanks a lot for reading.

Namaste.

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