SPY EOW TARGETS
585 bullish
551 bearish
530 oh no
[Thesis] Bullish Bias till 555 is broken
1. To maintain a healthy uptrend SPY will need a retracement to 558-560
2. While reddit is panicking I'll be looking at a short swing trade, stop below 555 and targeting 570-573
3. 570 will prob be a chop zone before another liquidity swoop lower, then after or leading up to FOMC we pump to 585
TL;DR Bullish Bias for now, look for long setups, catch a swing play once retracement to 560ish is complete
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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.