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TechieTrades
Mar 31, 2022 3:57 PM

$SPY retesting the breakout zone on 4hr chart Long

SPDR S&P 500 ETF TRUSTArca

Description

We shall hit 462s again once volume comes in. $455 is the nearest support to hold
Comments
BestCentimeter
I don't know if I agree with you there. We'd need very aggressive buying. I am paying attention to ES. And on a 6 month chart i'm showing that we are at the edge of a cliff, so to speak, with a large gap of imbalance just below our current spot in the volume/market profile. I am predicting more sideways, downward movement.
TechieTrades
@BestCentimeter, Agreed . My theory was the end of quarter re-balancing, with very low volume yesterday. Looks like we broke the nearest support and heading down.
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