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Balagadoo

Bearish SPY Trend continues

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Balagadoo  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators Chart Patterns SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) spx500short techincalanalysis
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trendanalysis indicator chartpattern spy spx500 spx spx500short techincalanalysis
After the big rally today we finally hit some resistances and reached the 22 day EMA. From here we have some room between the 11 day EMA and 22 day EMA for some slightly upward movement/sideways movement, but then joining the dominant down trend again I expect us to retest the ~257.70 low from March 23rd.
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