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EliteTradingSignals

SPY BEARS ARE STRONG HERE|SHORT

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SPDR S&P 500 ETF TRUST (BATS:SPY)  
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BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis spy short sell trading bearish forex forecast tecnhicalanalysis containsimage
snapshot
Hello,Friends!

SPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 457.90 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Bình luận:
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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