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.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.