SPY Bearish Triangle Formation

There is a bearish triangle in the play. It suggests a 8.4% move to $375 area. MACD D and double RSI (50 and 14) are confirming the downtrend. I think it will happen by end of March.

PS. Not a trading advice nor I am a financial advisor.
AAPLappleBATechnical IndicatorsshortSPDR S&P 500 ETF (SPY) Trend AnalysisTriangleTesla Motors (TSLA)

Haftungsausschluss