Hi traders,
yes yes, the title is a little bit click-baity, but to be honest, SPY down was about an 80% probability for me today.
Now to be fair, I've been expecting this move lower for over a week now, so plenty of factors surely played their roles, but as soon as I saw VIX close out in a 1-2-3 Low formation yesterday (Monday), I had that final confirmation...
Execute a long now, place stoploss on the red horizontal line and target zones are on the chart. On lower time-frames we can see strong reversal 123low within 123low construction which is very powerful. You have great opportunity now.
