Name: S&P 500 breaks key support in convincing fashion
Uploaded: 2018-12-22T13:28:48.238460
Channel: McGuireTO
Description: SPY has now broken the February lows and entered into a longer term downtrend, on the monthly charts. We're due for a short term bounce on the daily and weekly charts to cool off our RSI levels, and what that bounce looks like will be telling.

Trend Analysis Support and Resistance

trendanalysis supportandresistance

SPY has now broken the February lows and entered into a longer term downtrend, on the monthly charts. We're due for a short term bounce on the daily and weekly charts to cool off our RSI levels, and what that bounce looks like will be telling.