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Pavley

Whats next for SPY?

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) spyshort short shortsetup rejection trendlineanalysis trendlinetest
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trendanalysis chartpattern indicator spy spyshort short shortsetup rejection trendlineanalysis trendlinetest
This is a trendline I am watching going into the weekend on $SPY
The fact we did not test the bottom trendline before retesting the upper, suggest the next leg down will be more aggressive than the previous bear sessions.

Also, based on previous bear sessions, we head down -17.50 after rejection within a 50 day window. If we use the same price action, we can anticipate SPY to be at AROUND $330 by New Years. (Assuming it is not more aggressive. But I believe the next leg down will be)
PG13

Idee correlate

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The two ways this plays out. Both are bad
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Big move in VXX brewing
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