SPY: Short From Overlap Resistance
Price broke out of a very strong demand zone
SPY is approaching the Demand-turned-supply zone
Which also aligns with the 38.2% fib level
I believe we'll see a Bearish move to the downside
SPY is approaching the Demand-turned-supply zone
Which also aligns with the 38.2% fib level
I believe we'll see a Bearish move to the downside
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.