$SPY - Hourly Chart Bearish Outlook

16 thg 12, 2018

Look at the support and resistance levels set out for the SPY. Looking at our hourly chart you can see that we have faded off our 3rd tap off $281 and are now hanging below $260 after hours leading into the open on Monday. Bearish outlook for the Bulls going into the week of December 17th. If we break and hold under $260, we may see increased volatility and short opportunities arising