This is a crucial battle in the price action between bulls & bears on the $SPY, a close below 426-427 could confirm and Head & Shoulders top, with an increasing risk of falling to 380 in a stage 4 trend.
If 427-428 acts as support and we find sideways price action over the next couple of trading days, it could confirm a short term bottom and we see some recovery towards ATH
IGNORE THE HEADLINES AND TRADE THE CHART
If 427-428 acts as support and we find sideways price action over the next couple of trading days, it could confirm a short term bottom and we see some recovery towards ATH
IGNORE THE HEADLINES AND TRADE THE CHART
Kommentar:
Maybe we find support and rally from here, but we appear to still be in a stage 4 down trend with a bearish triangle