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Lilbuddadude

SPY Gravestone Doji

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Lilbuddadude  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Technical Indicators Trend Analysis
2
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chartpattern indicator trendanalysis
-Price has been trading in a new channel
-SPY formed a Bearish GRAVESTONE DOJI on the hourly chart when the price failed to pass the 418 Resistance.
-MACD also crossed bearish on the 30min and about to cross on the 1 hr as well
-I expect another gap down on Monday or next week to retest support. If the current channel support doesn't hold, 400 will be the next stop


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