SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is
confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4,
the relative volume indicator showing buying volume spikes instead of selling spikes, as well
as the squeeze indicator changes from a green negative histogram to a positive one....
Price floor has been established on 15 minute after capitulation after Powell spoke
On the one day spy is oversold, it usually bounces back after this slightly
I'm going to target 383 to 380 area to short using SQQQ.
The risk-reward of holding a short here is low because of the previous demand zone.
The market could very well dump further but I think the likely...
