SPY Ascending Channel

١٧ أكتوبر

I'll consider SPY bullish until it makes a lower low below 579, but a a channel break could lead to a quick flush. You could enter long on the trendline if it tests again and holds, or wait for a break below and retest for a short. Final downside target would be at 575 which was a previous ATH that has flipped to support and held on the first test already.