SPY SHORT 06/08/2023
Currently below at supply zone.
AIming at nPOC 4271.2 Taking profit first at the equilibirum level at 4279.4
Currently below at supply zone.
AIming at nPOC 4271.2 Taking profit first at the equilibirum level at 4279.4
Note
Based on the current market conditions, I anticipate a decline in the SPY market. The fact that we are presently below the supply zone suggests a potential decrease in prices. Furthermore, the formation of a bearish divergence reinforces my bearish outlook. Considering these indicators, I expect the market to move towards the equilibrium level at 4279.4, indicating a downward trend for the SPY.
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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.