$SPY - Bull Flag Formed, Caught Between Supply And Demand Long
SPDR S&P 500 ETF TRUSTArca
Description
⋅ SPY has been rangebound this past week forming somewhat of a bull flag ultimately stuck between 410 and 416.
Personally, I'm expecting a break of 416 eventually as bears will eventually lose steam bulls look to regain control of the market.
Longs are safe above 416, shorts are safe below 410.