$SPY: Ladder Up and Elevator Down?

4 giu 2022

I think we are going to see a small upside before we head further down. I initially believed we would see $430 but I don't think we will get there after how things played out on Friday. If you look at the chart, we can see liquidity areas and it seems like this is the are they are targeting next to liquidate. If all goes according to plan, I plan on shorting if it hits $419. If the daily closes above $425, I will cut and take my loss.

Would love to read your thoughts and how you see things playing out.