caution on spy
I would be very cautious at the current level spy is at. it needs to pick up lots of volume to break that level of support in order to start heading back into its previous channel. but lately we have been seeing that the volume is beginning to die down. At the moment I am watching on the side lines with cash on hand ready for buying opportunities. the elections have definitely caused a high uncertainty in the market.
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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.