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SPY - Falling Trend [MIDTERM]

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis Technical Indicators SPDR S&P 500 ETF (SPY) falling midter neutral negative longterm weak
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chartpattern trendanalysis indicator spy falling midter neutral negative longterm weak
- SPY shows weak development in a falling trend channel in the medium long term.
- SPY has marginally broken down through support at 390.
- An established break predicts a further decline.
- SPY is assessed as technically negative for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price

Verify it first and believe later.

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