SPY - should go down next week
I have a lot of trend lines (color coded). SPY at significant resistance from various confluence.
Targets for next week: 392, 388, 385, 380
I'll exit my short if SPY breaks above resistance (401/402) with conviction (momentum/volume/price action)
Targets for next week: 392, 388, 385, 380
I'll exit my short if SPY breaks above resistance (401/402) with conviction (momentum/volume/price action)
Note
Forgot to mention: 388 key level. SPY might struggle to break that level. If SPY breaks it with volume and if RSI gets below 50, it should flush to at least 380 in 1 or 2 sessions.
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