SPY / 1D
Hello Traders, welcome back to another market breakdown.
SPY is showing strong bearish momentum, breaking below resistance. However, the price is in the oversold zone for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry.
If the pullback holds and sell mode confirms, the third leg lower could target new lows.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
Hello Traders, welcome back to another market breakdown.
SPY is showing strong bearish momentum, breaking below resistance. However, the price is in the oversold zone for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry.
If the pullback holds and sell mode confirms, the third leg lower could target new lows.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
For more information: t.me/BeatTMarket
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.
For more information: t.me/BeatTMarket
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.