$SPY Looking to Retake 23.6% Retracement Level From 2022 Bottom
One Hour Chart shows RSI SMA exiting oversold territory as early as tomorrow morning with a strong open.
This price action would likely push the
SPY back over the 23.6% retracement level of the move from the 2022 bottom (06/17/22), to the August 16th Top.
Price is currently above a confirmed trendline from June 17th bottom, with multiple pivots along the way.
This price action would likely push the
SPY back over the 23.6% retracement level of the move from the 2022 bottom (06/17/22), to the August 16th Top.Price is currently above a confirmed trendline from June 17th bottom, with multiple pivots along the way.
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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.