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marketmind3

SPY - Finally Lining Up for Weakness

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
marketmind3  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) S&P 500 E-Mini Futures spx500short
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trendanalysis chartpattern indicator spy es1! spx500short
Even permabears have their day in the sun sometimes. Today might be that day, even a little down will turn enough indicators to get some downward momentum for a few days. Breaking $290 sets stage for the 50-day MA down in the $285 range for SPY. Ideally, we get a few failed rallies and then a breakdown before noon, which would follow a typical pattern for a trend down day.

$SPY $es_f $ES $NQ
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