SPDR S&P 500 ETF TRUST forum
615-619 June 30th and July 1st range
611.50 Closing volume spike on the 26th and bottom of the spike down on the 27th
607.00 24th and 25th consolidation
596-603 Early June volume
589-591 Late may
For new traders: Each of these is a great spot to expect a bounce because people who shorted here are underwater and looking to close out for breakeven. They do that by buying. So, look through this past month bar by bar and see if there are any spots where a mean reversion trader like me would have gone short. If that lines up with any of these levels, there are a lot of trapped sellers there waiting to get out for scratch.
Howeverm if we clear straight through any of these levels without a bounce, then whoever is selling is either selling enough to fully absorb these people, or they don't see these levels on their chart, which means they're looking at things on higher than the 30 minute chart. In general, if any level break doesn't make sense or seems like a stupid trade, zoom out and it'll make sense.


youtube.com/shorts/y47RxfEwswA?si=Ot8_EU8kzY7237Ok
who remembers all these 200 dollars challenges. Where's the updates guys.