SPY - L.T. looking very bearish. Potential $160-150 L.T. Target
Long term charts for 
SPY are very bearish. Currently trading at strong support area. Most recent testing of support, SPY fell through support slightly and had a week correction. Much more bearish price action than two previous tests. Now it is quickly testing the support again. Another bearish price action.
Bearish price action also on Monthly chart below.
Strong support zones (the 2000 and 2007 highs before the bottom fell out) corresponds with Fib Retracement 38.2%.
Everything above is from a technical perspective. From a fundamental perspective, I believe the likelihood of a US "recession" is low. But with that being said, I see the bears continuing to have control of the markets (e.g. SP500).
SPY are very bearish. Currently trading at strong support area. Most recent testing of support, SPY fell through support slightly and had a week correction. Much more bearish price action than two previous tests. Now it is quickly testing the support again. Another bearish price action. Bearish price action also on Monthly chart below.
Strong support zones (the 2000 and 2007 highs before the bottom fell out) corresponds with Fib Retracement 38.2%.
Everything above is from a technical perspective. From a fundamental perspective, I believe the likelihood of a US "recession" is low. But with that being said, I see the bears continuing to have control of the markets (e.g. SP500).
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。