Rough days for SPY ahead.
This chart & its indicators are complicated and slightly convoluted; it's not for everyone. I recommend you expand the chart indicators and read the names. Read the chart lines and understand the different indicators & what they're showing.
Anyway, time for my trend guess: with the China economy slowdown, the upcoming US inquiries into the Trump administration, and all other signs of a shaky economy, why risk it? Looking at my relative volume indicator, you can see there has been massive sell spikes continuously. That trend will only continue as the economy gets weaker and people are more unsure.
This chart & its indicators are complicated and slightly convoluted; it's not for everyone. I recommend you expand the chart indicators and read the names. Read the chart lines and understand the different indicators & what they're showing.
Anyway, time for my trend guess: with the China economy slowdown, the upcoming US inquiries into the Trump administration, and all other signs of a shaky economy, why risk it? Looking at my relative volume indicator, you can see there has been massive sell spikes continuously. That trend will only continue as the economy gets weaker and people are more unsure.