Twintraderz
Short

Is the SPY due for a correction?

AMEX:SPY   SPDR S&P 500 ETF
39 0 1
RSI is at a trendline area where we could get this correction. 1.5 Fib extension is showing 194 area as a possible area of reversal based on Fib down moves. Next week starts June (a new month) and Draghi is speaking about Europe while FOMC is in the 3rd week of June. QE could end? Possible. l would watch this area with caution.
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