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OlaOluwalade

COVID-19 Resurgence Scare - Bearish Flag Forming On 4h Chart!

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
OlaOluwalade Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Beyond Technical Analysis SPDR S&P 500 ETF (SPY) spyshort S&P 500 (SPX500) Bearish Patterns Bearish Flag spylong sp500short sp500index strongresistance
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trendanalysis chartpattern beyondta spy spyshort spx500 bearish bearishflag spylong sp500short sp500index strongresistance
$SPY looking weak and with COVID-19 resurging and fears of future lockdowns. I think this calls for a pullback. This week all the way into next week.
Trade active:
Ended up doing what I thought it would do besides the unexpected short squeeze from 6/25 EOD. Bulls ended up giving up 300 today but I expect the Bulls to be back to put in a fight beginning of next week to end the quarter. We'll see how this plays out.
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