$SPY Short below 414 Targeting 390
Updated
Broken RSI MFI - Above 420 will cancel bearishness - Otherwise minimum target is 390 around 162% fib or 383 at 200% - from others side indicators are sold and going to low levels which will make it good opportunity in case drop hard to go long or quick bounce from the new bottom but as of short time looks more bearish then possible long entry for the rest of the year targeting 432-444. Bearish signals were clear month ago (Yellow boxes) but market bounced - lets see this time its looks difference! thanks for reading please like and share if you like it . regards
Trade closed: target reached
Trade closed: target reached
next target 383
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