ChristopherCarrollSmith

S&P 500 outlook still positive until channel break

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Today's dip will scare a lot of investors out of the market, but keep in mind that it's a Friday and Fridays tend to sell off. The S&P 500 is still in its upward channel. If market sentiment truly turns negative, then we'll see the channel break next week.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.