From TradingView · · 30s
SPY Chart Analysis
SPY shows neutral trend with consolidation after breakout.
In brief
SPY shows neutral trend with consolidation after breakout. SPY is in sideways consolidation after breaking a downtrend with neutral momentum. Originally reported by TradingView.
SPY 15m Chart
SPY broke prior downtrend into strong impulse then transitioned to sideways consolidation.
Trend Analysis
Price hovers around VWAP holding above rising white trendline connecting higher lows.
Consolidation Pattern
Small flag-type consolidation with tight choppy candles indicating balance, not strong momentum.
The main idea
SPY is in sideways consolidation after breaking a downtrend with neutral momentum.
