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thetradedoc
Aug 9, 2023 11:02 AM

SPY wanting to repeat history. BEAR MARKET TO RETURN 🐻 Short

AMEX:SPY1W
SPDR S&P 500 ETF TRUSTArca

Description

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AMEX:SPY approaches supply from 2022. We have a solid rejection candle and have closed last week below the supply zone. Reversal is imminent - supported by heavy absorption of buyers at the ask on the cumulative delta volume chart.
Supply and DemandCandlestick AnalysisTechnical IndicatorsSPDR S&P 500 ETF (SPY) spyshortshortsetupshortsignalspyanalysisTechnical AnalysisbearmarketBearish Patterns
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