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UnknownUnicorn1236228

$SPY Bearish Gravity

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
UnknownUnicorn1236228  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) Bearish Patterns technical gravity fairvalue thespyisfalling
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trendanalysis chartpattern spy bearish technical gravity fairvalue thespyisfalling
Looking at this weekly SPY, if you consider that the inner channel is a "fair value" rate increase in value and that the blue channel is the extreme away from fair value signifying "over-excitement", then perhaps we can conclude there may be more downside to correct and balance out this "over-excitement" with an equal and opposite reaction.

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