SPY Levels - Tight Channel
We are close to our overall target of 420.00, but we are running out of gas by the hour.
After some consolidation, we are seeing bearish volume coming in. Dropping back down to 413.00 would be ideal, but the market is unpredictable.
So here's the targets for a bearish play:
First Target (entry): 416.50
Second Target: 413.00
Stop Loss: 418.25
Let's see how this plays out
After some consolidation, we are seeing bearish volume coming in. Dropping back down to 413.00 would be ideal, but the market is unpredictable.
So here's the targets for a bearish play:
First Target (entry): 416.50
Second Target: 413.00
Stop Loss: 418.25
Let's see how this plays out
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