SPY My Opinion! SELL!

25 Ağu

My dear friends,
Please, find my technical outlook forSPY below:
The price is coiling around a solid key level - 562.09
Bias - Bearish

Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 548.32
Safe Stop Loss - 570.95

About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK