If we get under 6550 today there's a good chance yesterday was a false breakout and we could see a C move down to 7500-7450 level.
If they get over yesterday's highs, this is just a pullback before going higher.
If they get over yesterday's highs, this is just a pullback before going higher.
Trade active
traders may want to wait and see if there's a test of the channel as a bear trapTrade closed: target reached
SPY looks like a sell area - tight stop thoughNote
Watch for a false breakdown on the VIX - good luckNote
Vix is looking like a flase breakdown here at the close
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.