jamespwu

SPY heading into neckline resistance

AMEX:SPY   SPDR S&P 500 ETF
53 0 0
We will see if SPY             can get above the 187.5 neckline resistance. I believe this is an important level in the short term. 2 things that are positive for the market are: we did not make a lower low for now, and the RSI has actually improved each time we approached the 181-182 level. If this is a bear market, the decline is far from being over. IF the SPY             head and shoulders pattern fulfills itself. We are look at the 165 neighborhood. Personally, I believe we have more room on the downside, but we will see.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out