GAMEPLAN FOR MAY 25,2022
If the spy breaks 400 resistance, we can see a 410 level, but if it gets rejection, an ascending triangle (uptrend) fails as well, and we see a 380 level.
Overall, I'm still bearish here on each resistance. It's great to take a short opportunity, and when it starts curling, close it out. We might see 380. There can be a possibility if, in the beginning, we see a HUGE RED CANDLE.
If the spy breaks 400 resistance, we can see a 410 level, but if it gets rejection, an ascending triangle (uptrend) fails as well, and we see a 380 level.
Overall, I'm still bearish here on each resistance. It's great to take a short opportunity, and when it starts curling, close it out. We might see 380. There can be a possibility if, in the beginning, we see a HUGE RED CANDLE.
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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.