S&P500 Index (SPY) How to Catch a Bearish Continuation? 📈
Hey traders,
From the middle of August, we see a sharp bearish wave on S&P500 index.
This week, the index reached a key daily structure support and we saw a pullback from that.
To catch a bearish continuation, wait for a bearish breakout of 3900 - 3940 area.
You need a daily candle close below that to confirm the breakout.
The market will drop at least to 3780 level then.
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