Idea for Spy May 3,2022
Spy game plan for tomorrow.
Overall we are still on a downtrend, but we saw a massive rally at the end of the day with the enormous volume in which it broke the downtrend for minor correction. WE CAN SEE AN UPTREND CONTINUATION TOMORROW OR SIDEWAYS ACTION. Make sure to look at the support of 409 central if we hit this, and we might see sideway action then breakout above 416. If in the morning we see a dip to 411, we might see a straight continuation to 419-420 as the demand area was covered today at 405.5 sizes.
We are still in a downtrend overall, but if spy breaks that red line, then we will see 430 areas where the significant sellers will be.
Overall we are still on a downtrend, but we saw a massive rally at the end of the day with the enormous volume in which it broke the downtrend for minor correction. WE CAN SEE AN UPTREND CONTINUATION TOMORROW OR SIDEWAYS ACTION. Make sure to look at the support of 409 central if we hit this, and we might see sideway action then breakout above 416. If in the morning we see a dip to 411, we might see a straight continuation to 419-420 as the demand area was covered today at 405.5 sizes.
We are still in a downtrend overall, but if spy breaks that red line, then we will see 430 areas where the significant sellers will be.
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