$SPY 10/16 - 10/20
We are watching this demand zone either we bounce or break! Same thing as last week we are waiting for this zone to be broken!
Key lvls to watch:
- $430 - $429 zone: We are watching the bounce or break here. Price action here is us there's some selling pressure so we have an open position here with a 20% stop loss.
- $426.06 has been a major support so we will watch for that break as well next week
- $442.94 if we bounce off the 429 430 zone we shall target 442 lvls
remember: We must follow price action and adapt to current market conditions as they are always changing due to news, economic events, war... Always stay sharp when it comes to analyzing price action
Key lvls to watch:
- $430 - $429 zone: We are watching the bounce or break here. Price action here is us there's some selling pressure so we have an open position here with a 20% stop loss.
- $426.06 has been a major support so we will watch for that break as well next week
- $442.94 if we bounce off the 429 430 zone we shall target 442 lvls
remember: We must follow price action and adapt to current market conditions as they are always changing due to news, economic events, war... Always stay sharp when it comes to analyzing price action
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