SPY Short Prediction - 10/15/2023
Updated
Unqualified prediction: SPY looks to be rolling over on the 1hr with multiple historical zones of support and resistance overlapping in a concentrated range (specified in-chart.) This in a TA sense would indicate a potential fight between buyers and sellers for control of price action, but macroeconomic fundamentals and geopolitical concerns, as well as ER volatility make for turbulent waters with this amateur analyst biased towards the downside.
Note
I don't know sh*t about f*ck.Order cancelled
I don't know sh*t about f*ck.Note
I ended up calling the right destination/direction, albeit not in the immediate. The lower support could bounce, as SPY has recently ranged, but I'm leaning towards it crashing through, with sudden scuttlebutt predicting possible interest rate hikes. Not FA; always DYOR.
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