Price floor has been established on 15 minute after capitulation after Powell spoke
On the one day spy is oversold, it usually bounces back after this slightly
I'm going to target 383 to 380 area to short using SQQQ.
The risk-reward of holding a short here is low because of the previous demand zone.
The market could very well dump further but I think the likely hood is low here
I won't go long in this market so I'm going to wait
On the one day spy is oversold, it usually bounces back after this slightly
I'm going to target 383 to 380 area to short using SQQQ.
The risk-reward of holding a short here is low because of the previous demand zone.
The market could very well dump further but I think the likely hood is low here
I won't go long in this market so I'm going to wait