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EliteTradingSignals

SPY BEST PLACE TO SELL FROM|SHORT

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
EliteTradingSignals  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY) short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis spy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

SPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 405.79 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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