Spy
410.30 is holding as support. Overall risinf trend channel with a curently a 15 min and hourly symetrical trinagle at the low end of this supprt. It’s hard to tell which direction but we have had some bearish pushes into this pattern which could lead towards a breakdown.
If we can pop above 413 and hold this will be a breakout but a drop and hold below 410.30 we can look for a drop towards 406 in coming days
Hard to say which way we go but I am short will stop out if we pop and hold 413 as support
If we can pop above 413 and hold this will be a breakout but a drop and hold below 410.30 we can look for a drop towards 406 in coming days
Hard to say which way we go but I am short will stop out if we pop and hold 413 as support
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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.