SPY NOT LOOKING GOOD WATCH THIS AREA
🔸️Ticker Symbol: SPY🔸️Timeframe: 4 Hour🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: SPY on the daily timeframe is suggesting we could see a further push to the downside. Money is currently flowing out of the market; we have a red sell signal illuminated and our middle band on the bottom dashboard is flashing red meaning bear market momentum. The first major level of support is around $390 followed by $380 if we stay in this bearish trading pattern. Thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: SPY on the daily timeframe is suggesting we could see a further push to the downside. Money is currently flowing out of the market; we have a red sell signal illuminated and our middle band on the bottom dashboard is flashing red meaning bear market momentum. The first major level of support is around $390 followed by $380 if we stay in this bearish trading pattern. Thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
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