Will the $302 SPY level prevail, yet again?

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Oct 22, 2019 9:38 PM

If the bottom side of this ascending wedge is broken, then the $280 region is wide open. However, FED + international liquidity is holding this whole thing up at the moment; clouding true fundamental analysis .

Short-term: Neutral
Long-term: Downside favored.

Wedge Moving Averages