TradingView
BTC-HONDA
Nov 24, 2022 11:27 AM

SPY BEARISH TO 351 update Short

SPDR S&P 500 ETF TRUSTArca

Description

A slight change from the last update. I am still bearish to 351 from this rising wedge on declining volume. In the last update, I neglected the whole volume profile and drew the trend lines incorrectly. The structure is the same but different trend lines. The declining volume is very pronounced, especially on the weekly chart. We also seem to be in a smaller consolidation that may take a little bit higher before the overall break down
More