SPDR S&P 500 ETF TRUST
Alış

SPY: Weekly channel still solid, but red days could change this

419
SPY has been in this ascending channel since 2020.
Price action keeps bouncing off the bottom of the channel.
Higher highs, higher lows.

Price could bounce off the bottom of the channel yet again tomorrow. We will see by end of day tomorrow if the uptrend resumes (Green arrows)
Or price action could breaks through the bottom of the channel, invalidating the current market structure and turning the SPY into a downtrend (Red arrows).

It's decision time.

Stay humble, have fun, make money!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.