SPY most likely will stay in range (yellow box)
Symmetrical to late January pattern.
I will short it at resistance around 440-444 and long at support 427-420
Thats for the rest of the week, Friday I expect sale off and Monday-tusday bigger swing to the upside.
Early March will most likely be bigger drop to 400 area.
Its a nice setup for quick trades.
Good luck
Symmetrical to late January pattern.
I will short it at resistance around 440-444 and long at support 427-420
Thats for the rest of the week, Friday I expect sale off and Monday-tusday bigger swing to the upside.
Early March will most likely be bigger drop to 400 area.
Its a nice setup for quick trades.
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.