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SPY shows a double top forming

Short
SPDR S&P 500 ETF TRUST (BATS:SPY)  
ratchet-mint  
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Fundamental Analysis SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern fundamental spy
SPY has been trending sideways lately after its fall rally that started in October.

  • fear greed index climbed to extreme greed during December then held that position for a few weeks.
  • The fear index has since started contracting a long with many tech stocks
  • SPY tends react slower to change in sentiment over riskier tech stocks
  • We should expect a sell off of SPY begin roughly in February possibly sooner
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