Testing previous record high following trend line breakdown
Last Friday $SPY confirmed the bearish signal that we got during the Summer when it closed below its recent daily uptrend line.
Technically, 212$ is a support that can lead to a bullish pullback towards 216-218$ to meet resistance there.
My final target zone for the bearish move is 210$ and 208$ (the 200 days MA line).
Technically, 212$ is a support that can lead to a bullish pullback towards 216-218$ to meet resistance there.
My final target zone for the bearish move is 210$ and 208$ (the 200 days MA line).
