Spy looking to pull back soon?
SPY Spy is showing signs of diminishing bullish momentum via a few different indicators, divergences shown with a single green line. While a push north to 461 is possible we are pushing into a marked supply zone with a volume profile showing greater interest towards the 444 area.
Trade closed: target reached
Target reached, will be watching for support here to see if we can get a bounce! Watching for dxy weakness to support a bounce (dxy currently diminishing in bullish momentum). Have a good weekend all!
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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.