SPY: Expect the downtrend to continueIf the downtrend continues as we expect then we need to focus on the DOM C level as a potential target.
If the markets were to 'gap up' on Monday it is our opinion those are triggers for going bearish into 'assumed strength' by the novice traders.
We are heading for the May 2021 lows on SPY (aka ETF of SPX).
NOTE: If this DOM C level is breached, then our position 'for the week' is to go reverse (bullish) with a close above the 394.82 as a weekly trade.
