Spy game plan for May 2, 2022
I have outlined support and resistance, which you can see on the rectangle, but overall, we are on a downtrend in which we saw a massive sell-off on April 29, 2022. Looking at the chart, I will state two scenarios that I think we might see tomorrow.
Scenarios:
1- 405-406 is possible tomorrow with a fake pump, then downward continues.
2- We can see the spy touching the resistance of 417-418 with a morning dump to 410.50-411
I have outlined support and resistance, which you can see on the rectangle, but overall, we are on a downtrend in which we saw a massive sell-off on April 29, 2022. Looking at the chart, I will state two scenarios that I think we might see tomorrow.
Scenarios:
1- 405-406 is possible tomorrow with a fake pump, then downward continues.
2- We can see the spy touching the resistance of 417-418 with a morning dump to 410.50-411
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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.