From this view, the S&P has much more room on the downside.

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

Trend Analysis Technical Indicators Beyond Technical Analysis marketalpha S&P 500 (SPX500) SPX (S&P 500 Index) QQQ Indices puts short Bearish Patterns SPDR S&P 500 ETF (SPY)

trendanalysis indicator beyondta marketalpha spx500 spx qqq indices puts short bearish spy

SPY

All of our indicators are showing longer term bearishness and not by just a little bit... I'm thinking more pain to come. Hold on to your seats.

Comment:

We rejected off the critical confluent resistance levels after trying to gap above. Not a good sign.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.