SPY Technical Analysis! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 456.89 pivot level.
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Target - 451.30
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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