SPY Bearish signals flooding

[forex4you]

SPY Bearish signals flooding

SPY Bearish signals flooding

SPDR S&P 500 ETF TRUST AMEX:SPY

sethsalazar70

Hello traders, the next moves will be dictated by the PPI report tomorrow,

Elliot wave: Nothing has changed, I believe we are in a zigzag correction (stated in my last post) C being 100% extension of wave A and B

Pattern: We are creating a ascending wedge which is bearish , I Think we may move higher tomorrow to retest the previous support, that will also create the wave 1 and 2 to the downside.

Indicators: MACD and TSV are both showing bearish divergence. Currently still trading above the 200 ema

Good luck yall
God bless

Source: SPY Bearish signals flooding