SPY - Update, we are currently holding at the weekly support and HL trendline
As long as we stay above the HL and this support we can see SPY fill that weekly gap to $447-450 area.
But if we break that HL trend line, expect SPY to retrace back to $431 to grab that liquidity that's been sitting there.
As long as we stay above the HL and this support we can see SPY fill that weekly gap to $447-450 area.
But if we break that HL trend line, expect SPY to retrace back to $431 to grab that liquidity that's been sitting there.
Trade closed: target reached:
As mentioned, possible bounce at HL to touch $447-450 target area!