Get started
the_sunship

Last short squeeze on SPY before the fall

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
the_sunship Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY)
4
0
trendanalysis chartpattern spy
A little more pain for bears before we head down. Divergences and trendline seem to make the case for a bit higher first. Capitulation short squeeze? Signs point to Yes.

Short term targets at the lower green boxes. Good Luck!
Comment:
Reached my target area. It may go further, but these calls I see to 280 I think will be hard to reach.
Comment:
Retail sales worst in 10 years, there's your trigger
Comment:
Well, if today we don't sell off, I don't know what to make of it. We're at channel resistance again with even more bearish divergence. QQQ's have been selling off this AM, so let's see if they lead spy

snapshot
Comment:
Even stronger divergence within this channel. Expecting a fall very soon, by the end of the week. When this goes down it will be quite powerful.

snapshot
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.