SPY seems breaking of a Rising wedge in hourly frame. It also looks like an upward channel formation which is just broken down. Both Pattern suggest a decline around $231-32 area. This will confirm a downward break of Open range, and ensure a negative bias in the market until the next open range.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.