Spy has taken out 2 previous lows which triggers stops as we can see in the volume. Holding VAL and regaining VAH can start trend reversal meaning we have the supply to do so. IF there's a seller in the market we will take out VAL and test the low of 428.87.
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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.