ContraryTrader

Spy 15min

Short
ContraryTrader Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Go to your 15 min chart, now go and look at these charts

1.Apple
2.amazon
3.QQQ
4.DIA
5.CRM
6.meta

You'll see a double top pattern. Yesterday's chop rounded off that right shoulder.

If you look

At other Names NVDA, NFLX, TSLA You'll see on the 15min chart bearish divergence with The RSI!

IWM looks the worse, showing a major double top ! if those GDP numbers come in disappointing things could get nasty there..

Tech should lead the way today, and I see 280 in QQQ very near future.

For the spy

1st target is yellow trendline support around 390-392. We may or may not break it today.
Below that yellow trendline is my main target of 385.

I'm already short, if you're looking for a entry, wait for the move below daily 200sma
Commento:
392.50 next up
Commento:
If they push this over 398 50 they are going to close the gap. MSfT being bought up is pushing this higher

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