SPY Pushing
Updated
After breaking some critical levels and moving with strength into the resistance level, we are seeing some short covering as the squeeze has potentially trapped shorts.
The previous run pulled back into the point of control, fib retracement into the golden pocket with some consolidation and potential to move higher if the dollar begins to make its way down.
The previous run pulled back into the point of control, fib retracement into the golden pocket with some consolidation and potential to move higher if the dollar begins to make its way down.
Trade closed: target reached
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.