S&P500 Index (SPY) Time For The Next Decision

11 mar 2020

SPY is stuck in a decision range between two key structure levels.
if you still don't have an active position, the best strategy is to wait for a breakout.

the side of the breakout will show you the future market direction with a high degree of accuracy.

of course, we still stick to a bearish bias and bearish scenario is highly probable,
but in our age of uncertainty, everything can happen!

our first goal for bearish breakout will be 2600 level.
for bullish breakout - 2970

good luck and be patient!