SPDR S&P 500 ETF TRUST
Short

One More Dump Coming

206
We’ve got an interesting setup here! Price just closed in a 4-hour supply zone, but I’m not jumping in yet. No solid buy signal has popped up, which makes me think we could see another dip. There’s a gap lurking below that still needs filling, and I have a feeling we might head down to take care of that first.

What I'm Watching:

This week, my eyes are on the 555.6 level. If we stays below this with some good momentum, it could be game on for shorts. Im looking for a BoS tomorrow after open. If we get that, I’ll be ready to pounce on a short setup.

Key Levels:

4-Hour Supply Zone: Price showing some hesitation here—could be a signal. Wait for a reversal.

GapsBelow: 2 Gaps like to get filled, and I’m thinking this might be next.

My Game Plan:

Keep an eye on price action below 555.6.

Wait for confirmation before diving into a short.

Make sure to manage risk. No trade is worth blowing up an account!

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