SPDR S&P 500 ETF TRUST
Short

SPY Major Resistance Rejection

SPY putting in a shooting star at the major resistance and a MACD divergence could be signaling a rejection. Will be watching for any additional signs of weakness in anticipation for a revisit to the key support areas. Trading against the trend and the formation of the shooting star on low volume are two things to be cautious of.

Clause de non-responsabilité