SPY Slow Death
Zone to zone shows rejection around the 400 area, leading to eventual down trend. I expect it to ride back down to the <389 area, breakthrough, and retest 380. Looking for zones low 370, but a key level has been spotted last year at around 366, then 356.
Note
Changed sentiments, but rejected right on its key level, oddly enough is seems all this downside momentum has dissipated. SPY is still respecting zones, we'll see how this wants to move.
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.
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.