$SPY - Bull Flag Formed, Caught Between Supply And Demand
$SPY has been rangebound this past week forming somewhat of a bull flag ultimately stuck between 410 and 416.
Personally, I'm expecting a break of 416 eventually as bears will eventually lose steam bulls look to regain control of the market.
Longs are safe above 416, shorts are safe below 410.
Personally, I'm expecting a break of 416 eventually as bears will eventually lose steam bulls look to regain control of the market.
Longs are safe above 416, shorts are safe below 410.