SPDR S&P 500 ETF TRUST
Short

SPY regains but still in bearish zone

SPY bounces back after Friday sell off, still inside downward trend

  • comparing against 1h and 2h timeframe we see that ema remains below sma for both
  • This also holds true for RSI between 1 and 2h. RSI remains remains below sma
  • stock remains inside the downward trend after bounce back


SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.

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