We've reached a critical point on the chart for SPY. Between May 27th and June 9th, we found balance in the same range we find ourselves today. Last time, a red hot CPI print sent the market tumbling over 10%. At that time, I drew a few S/R lines to watch for a breakout. Interesting to see where those S/R lines stand as we enter this critical zone. Best of luck with your trading!
Trade aktif
A rejection of the upper resist line
Komentar
We nailed the breakout of this range. Now we have another opportunity to watch the same s/r drawn in late may. We didn't see as strong of a breakout to the bullish side. Let's see where we go this time. I want to see strength in the breakout from this level. Good luck all.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.