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InTheMoneyMike

$SPY Short -target $383

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
InTheMoneyMike  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) trade
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trendanalysis chartpattern indicator spy trade
While the S&P has had a nice couple of days, the FAANMG stocks struggled to gain ground, which could be a sign of exhaustion in the broad market. SPY is at the upper end of this channel and I expect a pullback with a target of $383

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