$SPY BROKE $400 Zone!
What's next for SPY,
1)I am expecting a bit of a pullback or a mini rally here soon BUT the selling is not over as we have failed to break the $412 - $413 zone as shown (Orange box)
2) We have perfectly bounced off $393.71 Support and we are likely to retest it one more time.
3) We broke $399 - $400 zone (BLUE BOX)
4) we have potential to pull back to $400 zone if not then $412 zone.
5) last possible scenario is that we dump RIGHT down to the POPULAR $390 ZONE.
This is how I analyze my charts and break them down, I MARK DOWN all important Zones and key lvls and make sure I KNOW THEM so when markets OPEN I am READY all I have to do it wait to see what price does and how it plays out when my zones are tested. These are 5 things to pay attention to with next weeks price action.
Mark your zones and watch how price reacts off these zones
Trade smart and stay ambitious
1)I am expecting a bit of a pullback or a mini rally here soon BUT the selling is not over as we have failed to break the $412 - $413 zone as shown (Orange box)
2) We have perfectly bounced off $393.71 Support and we are likely to retest it one more time.
3) We broke $399 - $400 zone (BLUE BOX)
4) we have potential to pull back to $400 zone if not then $412 zone.
5) last possible scenario is that we dump RIGHT down to the POPULAR $390 ZONE.
This is how I analyze my charts and break them down, I MARK DOWN all important Zones and key lvls and make sure I KNOW THEM so when markets OPEN I am READY all I have to do it wait to see what price does and how it plays out when my zones are tested. These are 5 things to pay attention to with next weeks price action.
Mark your zones and watch how price reacts off these zones
Trade smart and stay ambitious
Related publications
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.