Today, we saw a massive sell-off after yesterday's massive rally, but there was an enormous volume at the end of the 15 minutes of the trading session. I see two scenarios tomorrow.
Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again.
Scenario 2- We might see a sideway trend as well. 417-418 area, then back down to 410-411 area.
I'm bearish here because the pump didn't last even for a day and nobody bought the dip today. I'm looking for a 340-360 area to go long.
Scenario 1- we might see a dump at the beginning and then upward correction in which the spy will touch the 417-418 area and then back down again.
Scenario 2- We might see a sideway trend as well. 417-418 area, then back down to 410-411 area.
I'm bearish here because the pump didn't last even for a day and nobody bought the dip today. I'm looking for a 340-360 area to go long.