(SPY) Triple Top Forming

2022年7月17日

The SPY chart is forming a beautiful triple top pattern, and with the up coming FED rate hike and (-) Q2 GDP data confirming a technical recession releasing July 28th. I believe that the triple top will be completed around the 29th of this month, and the SPY will drop to the bottom of the overall trend line at around $360. Also in this chart you can see that the SPY has strong resistance at the $390 price range and rejects hard back to support roughly at $370. Let me know what you guys think in the comments.