The S&P500 was shaky today after some deep selling started to occur. The market was breaking down on surging yields and dollar.
The SPY pierced and almost lost support but managed to find its footing late in the session & had a phenomenal rally which definitely consisted of Short covering based on the volume.
Let's see if this local low / bottoming tail will hold.
I expect if we see a retrace many investors will be trying to buy keeping a close stop against the wick low.
The SPY pierced and almost lost support but managed to find its footing late in the session & had a phenomenal rally which definitely consisted of Short covering based on the volume.
Let's see if this local low / bottoming tail will hold.
I expect if we see a retrace many investors will be trying to buy keeping a close stop against the wick low.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.