Related tickers - SPY, SPX
Plenty of support levels for SPY to bounce from. If it does we can easily hit new ATH.
If the support fails to hold. the move down will be much more intense.
I am expecting green on SPY tomorrow with a relatively low volume. if that happens expect a big red on Friday.
Technicals.
Bearish crossover on the Stoch RSI.
increased interest for PUT options on the Index.
Thank you for reading
**Just an Opinion
Plenty of support levels for SPY to bounce from. If it does we can easily hit new ATH.
If the support fails to hold. the move down will be much more intense.
I am expecting green on SPY tomorrow with a relatively low volume. if that happens expect a big red on Friday.
Technicals.
Bearish crossover on the Stoch RSI.
increased interest for PUT options on the Index.
Thank you for reading
**Just an Opinion
Comment:
we finished in the green today with a low volume as expected. If we see a sell-off tomorrow I will explain my rationale behind the pattern in my post tommorrow.