These are levels that I'll be keeping an eye on when dealing with SPY, and I'll revise as price action progresses.
I adapt to the change in money flow.
I'm projecting it to head lower after a potential upswing to the previous weekly high that can possibly take place sometime next week.
1st area of interest is the $320 - $338 range, and if that can't hold price then I can see it dropping even further. Price is forming a roundabout swing to the downside so that's promising for the range that was mentioned.
Let's all watch this together! 👀
I adapt to the change in money flow.
I'm projecting it to head lower after a potential upswing to the previous weekly high that can possibly take place sometime next week.
1st area of interest is the $320 - $338 range, and if that can't hold price then I can see it dropping even further. Price is forming a roundabout swing to the downside so that's promising for the range that was mentioned.
Let's all watch this together! 👀
Comment:
I can see pulling back to the $406 - $418 range before heading further down.
Comment:
It did exactly what I stated on the 17th of July