novvoll12
Short

SPY- Former rising wedge support now reverts to resistance

AMEX:SPY   SPDR S&P 500 ETF
spy
35 0 0
spy
SPY             192.47 – bearish – Former rising wedge support now reverts to resistance

SPY             reversed lower from Friday’s 195.00 high (September 25, 2015) just beneath the former rising wedge support which now reverts to resistance. Below 190.56 (September 24, 2015 low) would weaken further towards 186.92 (August 25, 2015 low) then possibly 182.40 spike low (August 24, 2015). Bulls need to reclaim 195.00 to stabilize and shift the focus towards 197.68 (September 21, 2015 high) ahead of 200.41 (September 16, 2015 high). Above there would bolster for 202.89 (September 17, 2015 spike high).

Outlook:
Intraday: bearish
Daily: bearish
Weekly: neutral
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out