SPY bearish over the next 3-4 weeks

SPY reached the top of a couple of pitchfork lines and has been lingering at the bottom of another ready to break out on the downside. RSI is also in a downtrend channel.

Trade chiuso: obiettivo raggiunto:

SPY was 448.38 when I posted the idea. It closed today at 425.88. I now expect SPY to reverse, see related idea.