Potential scenarios on SPY for the upcoming weeks. 0.5 and 0.618 fib retracement and potential reversal. Will be cautious and if buying for swings I'll have stop losses right below in case this theory doesn't prove to be right. We had a strong volume on Friday's selloff, which suggests we can go lower.
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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.