SPY ON DAILY
Zoomed out to get out of this micro trading I've been doing.
Got wrecked on Friday, the drop was intentionally too low and it got me spooked.
Well not every day is a winner.....
Back to it.
358 is the support, made out of 200ema and it seams to be respected for now, drop bellow will create panic sale.
Its coming, but not this week probably.
Made two scenarios:
1. We bounce to 378-382 and hard fall to 328, 310
2. SPY brakes 378 and goes to 400+ by December.
So I expect green this week, but option 1. is something I am leaning forward
Both are possible, so Ill watch 378 if we get there....
Good luck!
Got wrecked on Friday, the drop was intentionally too low and it got me spooked.
Well not every day is a winner.....
Back to it.
358 is the support, made out of 200ema and it seams to be respected for now, drop bellow will create panic sale.
Its coming, but not this week probably.
Made two scenarios:
1. We bounce to 378-382 and hard fall to 328, 310
2. SPY brakes 378 and goes to 400+ by December.
So I expect green this week, but option 1. is something I am leaning forward
Both are possible, so Ill watch 378 if we get there....
Good luck!
Note
SPY is consolidating.If it stays in the uptrend, it most likely bounce of 370 today and continue the uptrend.
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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.