My thoughts on upcoming SPY movement

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Aug 27, 2020 6:13 AM

SPY is approaching some trend line around the 3500 level. There is negative divergence with the price of SPY and the MACD. Will it pull back to around 320s-330s or more? Expecting more volatility.

Trend Analysis Support and Resistance