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TheIgnito

Huge SPY Bearish Move. Breakout from Ascending wedge

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
TheIgnito  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) Technical Analysis wedgebreakout
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trendanalysis chartpattern spy spx technicalanalysis wedgebreakout
SPY breakout from an ascending wedge. Pretty much however you slice it, looking quite bearish. MACD and RSI support this.
Unless the Fed/Government prints some fresh monopoly money, common retrace zones will put you in the 280-270 range in the near-mid term.

My opinion only, not advise to buy or sell, I am not a professional trader/ financial advisor. And this is my first post... lets keep it real people!
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