AMEX:SPY   SPDR S&P 500 ETF TRUST
GAMEPLAN FOR FRIDAY, MAY 20,2022

Today was just a sideways trend. If the light uptrend breaks, tomorrow's market is seeing new lows.

Keep in mind if you are an options trader, don't try to hold anything. Just scalp and swing them/ Market makers are doing their best to decrease the premium by trading the market sideways.

A break above 396 is bullish, and a break below 395 is bearish.



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.