Bigger picture retracement
After breaking down some shorter term supports - thou on ordinary volumes - SPY might experience more downmoves into strong demand zone just above 227.50. But overall it still looks like a retracement into an uptrend line.
For next couple of weeks I'll be looking for shorts, targets at 231.5, 230.0, 228.0
For next couple of weeks I'll be looking for shorts, targets at 231.5, 230.0, 228.0
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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.