AMEX:SPY   SPDR S&P 500 ETF
283 5 3
From a few weeks ago - We have lower low in place. First time since 2010.
Syncubate PRO
2 years ago
Great observation, klang! Do you see that $195/$196 SPY uptrend line being retested? I'd say the bulls have to push above $190 asap to pick up steam for any upside push, even if its short-term in nature.
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KLang PRO Syncubate
2 years ago
The only pattern I see is an IHS on the 60min chart - even if it confirms, I don't think it will fulfill. My feeling is, it will be a volatile market. I have no idea if the bottom would be re-tested, but it it were tested successfully, I'd consider that bullish.
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claydoctor
2 years ago
Oil seems to either be the driver or the indicator to watch as to where SPY bottoms, if it is does.
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KLang PRO claydoctor
2 years ago
I don't see it
snapshot

But, it is an important part of the S&P.
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profitmaker999
2 years ago
Totally agree. Even though I think the market will have a 20% adjustment totally, the trend is still up until proven wrong.
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