SPY $444 Rejection- $413 Target- Bearish WXY Count
SPY showing signs of strength at a support zone I had previously missed- this is the importance of being adaptable!!!
My expectations are that the current Daily Cycle low was set yesterday; I'm looking for the current $422 low to hold. IF we see bullish price action following this low, I'm watching an area around $444 to act as heavy resistance, leading to an eventual rejection and having us revistit the $413 area.
TLRD: $444 Resistance, $413 Support
My expectations are that the current Daily Cycle low was set yesterday; I'm looking for the current $422 low to hold. IF we see bullish price action following this low, I'm watching an area around $444 to act as heavy resistance, leading to an eventual rejection and having us revistit the $413 area.
TLRD: $444 Resistance, $413 Support