Their is a lot of room and support and resistance areas in this area. Before moving towards any other direction, spy will test retest these areas. I usually call such movement as "build up of momentum for next big move.
Note
it moved the way forecasted. do subscribe my youtube channel for details. "stock market"Note
The market has started to build up a bit of bullsih momentum, which can be seen on 15 mintues only at the moment. Do check of my other idea for details and dont forget to join me on my youtube channel "stock market" for detailsNote
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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.