SPDR S&P 500 ETF TRUSTUpdated BOUNCE ?, ONLY IF 357 CAN HOLD
After touching 357 (double bottom) yesterday and testing it again in premarket, SPY should bounce.
Like I mentioned yesterday, I don't expect large bounce, my target is 364-367.
I don't think I am going to play it, Ill wait for another short entry instead.
If we brake support at 357, I expect SPY falling very sharply and quickly.
Bulls need to brake 360 first, then 364
Bears need to brake 357 support
Good luck !
Like I mentioned yesterday, I don't expect large bounce, my target is 364-367.
I don't think I am going to play it, Ill wait for another short entry instead.
If we brake support at 357, I expect SPY falling very sharply and quickly.
Bulls need to brake 360 first, then 364
Bears need to brake 357 support
Good luck !
Note
Short dip below 357, Bulls took over and are trying to defend it, SPY must stay above 360 to prevent freefall. We are trading on 200EMA on weekly. Failure to defend it will be really bad
Note
okey, we'll get to my first target today, 364Note
WOW, didnt have the time to get in, lolNote
Was 363 max?
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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.