SPY rising wedge with decreasing volume into resistance

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jan 16, 2019 7:51 PM

SPY has been forming a rising wedge since the bottom on 12/24. The volume decreasing everyday is a good indicator. SPY is currently coming up into resistance in the 260-263 range. Looking to target 250 as support.

Technical Indicators