Falling Wedge to Demand Zone

6 set 2022

Currently, unless we see some unknown catalyst for buyers to step in over the next week, prices to watch for are between $7.10 and $7.85 should this falling wedge break the fib level.

6 set 2022

Nota

Edit: Both the small reliefs on August 29 and September 1 coincide with the SPY's own relief rallies. Depending on your sentiment for the overall market should play a role in your own TA. I don't think there is any good reason we should see the market rebound at this point in time.