GAME PLAN FOR MAY 16,2022
Spy's significant resistance level, for now, is 403.50. Make sure to observe the market from 7:00 am till 9:45 am EST. There are two scenarios for now.
The first scenario is that if the resistance level gets destroyed, wait for the candle wick to come back at the resistance area from that point to go long to 410 -415 level.
The second scenario is that if the spy gets rejected from the resistance level and then the support area is 397.00 area if that gets destroyed as well, then short spy to 385 area.
Spy's significant resistance level, for now, is 403.50. Make sure to observe the market from 7:00 am till 9:45 am EST. There are two scenarios for now.
The first scenario is that if the resistance level gets destroyed, wait for the candle wick to come back at the resistance area from that point to go long to 410 -415 level.
The second scenario is that if the spy gets rejected from the resistance level and then the support area is 397.00 area if that gets destroyed as well, then short spy to 385 area.