SPY thoughts (haven't done this in a while)
Very simple analysis, huge bearish power candle going under 200 ema, under VWAP, already but still is under 21 ema, etc. Could see more retracement down to maybe $400-390? Market has been recovering pretty nicely so small retracements like this follow up with strong bullish movements; after this retracement hopefully we can see upsides of 432 and a strong break to the high of 480. Let me know your thoughts :)
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.