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Market is in trouble here
SPDR S&P 500 ETF TRUST
Short
Market is in trouble here
By JabezDolz
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May 11, 2023
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May 11, 2023
Keeping it simple, seeing a lot of bearish posts already covering the near term risk, but some aren’t accounting for extent of possible downside.
Obvi risk/reward play here with reward only to 426-430, risk to 370s.
Timing wise, it’s time.
Initial target if we breakdown 401 is mid 380s by end of June
After that expect bounce to test 397-401 and if it gets rejected we are headed to 370s.
Look out below
Beyond Technical Analysis
Chart Patterns
JabezDolz
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