SPY failed to break the neckline, closed below the 8MA, and no volume or whatsoever. I see this reversing and retesting the bottom support line.
Will the support line hold? With so many upcoming news/ fed rate hikes/rising yield- I believe there is a high probability of SPY breaking the bottom line and work toward the 250 range.
Will the support line hold? With so many upcoming news/ fed rate hikes/rising yield- I believe there is a high probability of SPY breaking the bottom line and work toward the 250 range.
Trade attivo:
What a crazy bull trap after the FOMC meeting.
Updates:
Still shorting the market. I see this breaking support and retesting the 200MA with a high possibility of breaking.
Volume is so low on /ES futures support. No more buyers? Time to go lower and test new support to find more buyers.
Updates:
Still shorting the market. I see this breaking support and retesting the 200MA with a high possibility of breaking.
Volume is so low on /ES futures support. No more buyers? Time to go lower and test new support to find more buyers.