Inside structure zone - Two possible scenarios

$SPY's aggressive pullback pushed the price all the way up to close just below 200$.
The price is inside a daily structure zone between the 50 and 61.8 Fib levels.
As long as the price is inside the zone there's uncertainty regarding future price direction.

A breakout above 200 could lead $SPY towards the final target of this pullback - 204-206$ (according to my analysis of course.. it could rally also rally to the sky if it wants to)

A breakdown below 198$ could lead to a short term bearish pullback following last week's correction move, perhaps towards 192$ and 190$

These are the two scenarios I see towards the coming trading week.
With jobs week ahead, rest assure that the summer's volatility will last few more days..

This analysis is part of the Weekly Markets Analysis newsletters

To read more interesting technical reviews -

To subscribe to the newsletters -
Bearish setup worked and reached target level..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out