Ticker: 
SPY
SPY dropped down to lower lows WITHOUT any follow through. This gives bulls the chance to get some sort of bounce going to start next week. Like always, volume will be key if this is indeed a bounce or "significant" bounce.
Bulls have to break 331.20 resistance to start the week in order for us to say our weekly lower high (319.80) is set. The
NDX or 
QQQ, basically tech sector) is relatively stronger than SPY so I will keep an eye on that if it breaks first.
If it breaks first, that can be an early indication for bull momentum and I may enter a bull position for a scalp.
Remember, don't be bias, just go off of technical because the fundamentals will drive you crazy in addition to your emotions.
SPYSPY dropped down to lower lows WITHOUT any follow through. This gives bulls the chance to get some sort of bounce going to start next week. Like always, volume will be key if this is indeed a bounce or "significant" bounce.
Bulls have to break 331.20 resistance to start the week in order for us to say our weekly lower high (319.80) is set. The
NDX or QQQ, basically tech sector) is relatively stronger than SPY so I will keep an eye on that if it breaks first.If it breaks first, that can be an early indication for bull momentum and I may enter a bull position for a scalp.
Remember, don't be bias, just go off of technical because the fundamentals will drive you crazy in addition to your emotions.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.