-Price has been trading in a new channel
-SPY formed a Bearish GRAVESTONE DOJI on the hourly chart when the price failed to pass the 418 Resistance.
-MACD also crossed bearish on the 30min and about to cross on the 1 hr as well
-I expect another gap down on Monday or next week to retest support. If the current channel support doesn't hold, 400 will be the next stop
-SPY formed a Bearish GRAVESTONE DOJI on the hourly chart when the price failed to pass the 418 Resistance.
-MACD also crossed bearish on the 30min and about to cross on the 1 hr as well
-I expect another gap down on Monday or next week to retest support. If the current channel support doesn't hold, 400 will be the next stop