SPDR S&P 500 ETF Trust Technical Analysis

27 May 2020

SPY

Before going long, wait the end of a potential retracement price and that the top channel line will not be broken.
There is always a 20% of a bearish market, where the prices will be moving inside the channel because the Market status is not yet fully recovered just think that:
- Unemployment rates very hight worldwide
- Covid-19: possible second/third wave.