SPY - Measuring Flag Warning
The 
SPX sell-off from September 2nd highs, created a consolidation range (orange rectangle) from $330-340 approximately.
Making a measured move, with the consolidation constituting a half-way measuring flag structure (blue arrows).
100 exponential moving average is now the trend support, coincidental with June highs. Unfortunately, this is not a support trend historically market makers pay special attention to.
SPX sell-off from September 2nd highs, created a consolidation range (orange rectangle) from $330-340 approximately. Making a measured move, with the consolidation constituting a half-way measuring flag structure (blue arrows).
100 exponential moving average is now the trend support, coincidental with June highs. Unfortunately, this is not a support trend historically market makers pay special attention to.
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