AlphaWolftrader1

SYP, AN EYE ON SELL POTENTIAL

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Hello traders, My view on SYP, If you find my analysis helpful and productive, press the like button follow and comment your view in the comment section, this motivates me to bring this kind of update frequently.
Since a rally up from 360 we have not seen a clear indication of stopping up until now, price at 415 is trading around a major resistance level.

It is to soon for growth stock to rise, with near-term uncertainty around inflation, Fed policy, and global growth.

Looking at oscillators they are all overbought and giving us a divergence signal,

A clear break below 407, will confirm a strong bear momentum, which we will target 380 as first support level.

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