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SPY: Potential Leg Down

Short
Indice S&P 500 (FX:SPX500)  
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FX:SPX500   Indice S&P 500
Trend Analysis Chart Patterns Technical Indicators ETF SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) Technical Analysis indexes futures options Forex dollar
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trendanalysis chartpattern indicator etf spy spx500 technicalanalysis indexes futures options forex dollar
snapshot

the market has recently reached a falling trendline.
currently the price is coiling inside a rising channel called the bearish flag pattern.

Bearish breakout of a channel will confirm bearish sentiment and
sellers will most likely drive the market to lower structure levels.
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