Pre-Market Read – June 23
SPY
Premarket High: 595.15
Premarket Low: 592.15
Bias: Leaning Bearish
Price got rejected again at that 600–602 zone — that’s been a wall.
All the EMAs (9/50/200) are stacked tight, which usually means something’s brewing.
Institutions bought heavy down around 572–579 — they’re already green, so they might start selling into strength.
I’m expecting chop between 593–595 off the open.
I’ll probably wait out the first 15 min and let the ORB build.
If we break out, I’m watching both sides, but I lean put.
SPYPremarket High: 595.15
Premarket Low: 592.15
Bias: Leaning Bearish
Price got rejected again at that 600–602 zone — that’s been a wall.
All the EMAs (9/50/200) are stacked tight, which usually means something’s brewing.
Institutions bought heavy down around 572–579 — they’re already green, so they might start selling into strength.
I’m expecting chop between 593–595 off the open.
I’ll probably wait out the first 15 min and let the ORB build.
If we break out, I’m watching both sides, but I lean put.
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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.
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.