Reversal of SPY is just around corner.
Updated
Both bull flag and gaps confirmed the price target that will be more or less reached today or tomorrow.
RSI is in overbought territory and today's bar is outside the channel with roughly 6% probability for SPY. Past 4 days, the stock market is in parabolic move indicates the exhaustion. IMHO, reversal time is just around the corner.
RSI is in overbought territory and today's bar is outside the channel with roughly 6% probability for SPY. Past 4 days, the stock market is in parabolic move indicates the exhaustion. IMHO, reversal time is just around the corner.
Trade closed manually
Based on these two days price action. This setup is no longer good.
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