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SPY break to the downside of the rising wedge - next levels

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY)
8
3
trendanalysis chartpattern indicator spy
SPY's rising wedge is not broken, more downside ahead.

The next levels to consider are:
  • fib retracement level 0.382 at $264.31
  • then, a major support line in play since 2016 at around $258
  • finally, another fib retracement level 0.236 at $246.65

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