Looking for SPY to test 50% retracement from Covid lows to the highs. will be in the $360 - $350 range. Should support fail there, which I believe is likely, and then be confirmed by volume next target is $317. Ultimately I do not consider it out of the question a possibility of $247
Trade ist aktiv:
Still in this on the short side. Looks like we're having that battle at support so we will have to see what happens. Looking like $357 is a deciding line but my support will go to $350.
Trade ist aktiv:
Still on the short end and we opened up slamming to support at $350. If fails $325 - $317 is my guess before testing $300 even which I would suspect would give a bounce if one does not come sooner.
Kommentar:
STOP HIT
Kommentar:
Back in position!
