The chart kind of explains itself, but I expect 
SPY to do the following:
Flat for the rest of the week with slight rounding top.
Then a sudden drop to fake out bears.. bulls buy this dip and push it up
Sellers overwhelm buyers here and market gets pushed back down to 425 (at least)... and likely will hit 380 within the coming months.
Obviously a bold prediction, but I stand by it. Volume also accompanies my thesis.
SPY to do the following:Flat for the rest of the week with slight rounding top.
Then a sudden drop to fake out bears.. bulls buy this dip and push it up
Sellers overwhelm buyers here and market gets pushed back down to 425 (at least)... and likely will hit 380 within the coming months.
Obviously a bold prediction, but I stand by it. Volume also accompanies my thesis.
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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.