Spy TA for this week
Updated
Summary: We are still fresh out of the rising wedge so i believe more downside is still yet to come, however a retest is in order for another leg down to come. Demand zones at the red boxes and 4H resistance is the yellow line. Ultimately the 385 and a possibility towards 388.5. From there a break into the demand zone with a possible gap fill or it rejects at one of resistance point to break further down towards the demand zones (Green Lines for 1hr and purple for 4hr)
Honestly I'm more bearish this week than bullish.
Honestly I'm more bearish this week than bullish.
Note
Oh wow on this update it actually went according to plan by hitting demand zone first prior to where its headed now .Trade closed: target reached
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