SPY FORCAST
- on the weekly chart : the forth week on a row where the price closed red
- on the daily chart : big red candle with a descent volume could indicate the end of the down trend
- personal opinion : the strong momentum of the down trend could easly break that level and continue down , theres no attack from the buyers thus no warnings or signals for a reversel and the big volume on last red candle could mean the returne of the selling pressure
- best move : hold your position if your a seller , no doubling
- on the daily chart : big red candle with a descent volume could indicate the end of the down trend
- personal opinion : the strong momentum of the down trend could easly break that level and continue down , theres no attack from the buyers thus no warnings or signals for a reversel and the big volume on last red candle could mean the returne of the selling pressure
- best move : hold your position if your a seller , no doubling
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