Sentiment indicators and volume patterns all point to a local bottom forming on the 4H chart. These signals, along with supporting technical indicators, strongly suggest that $555 marks a local bottom and a reversal from the current lows can be expected.
Watch closely for confirmation as SPY potentially starts moving higher from here.
Watch closely for confirmation as SPY potentially starts moving higher from here.
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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.