AMEX:SPY   SPDR S&P 500
hi guys my weekly TA on the S&P500            
Ticker: SPY            
TA: Short Term Neutral
Long Term Bearish
Why? in the short term i am feeling neutral because the RSI and MACD seem to be Rising ( macd getting ready for crossover) but it looks like its caught in a descending Triangle
two things can possibly happen it falls below support or the triangle fails and the S&P500             will go on higher and challenge resistance (important soon) that's short term: neutral

im bearish long term because even if triangle fails and SPY             goes up it forms a descending Triangle ( may have got that wrong?

in conclusion be careful guys it may gain this week but it will fall!!
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