What's next for SPY,
1)I am expecting a bit of a pullback or a mini rally here soon BUT the selling is not over as we have failed to break the $412 - $413 zone as shown (Orange box)
2) We have perfectly bounced off $393.71 Support and we are likely to retest it one more time.
3) We broke $399 - $400 zone (BLUE BOX)
4) we have potential to pull back to $400 zone if not then $412 zone.
5) last possible scenario is that we dump RIGHT down to the POPULAR $390 ZONE.
This is how I analyze my charts and break them down, I MARK DOWN all important Zones and key lvls and make sure I KNOW THEM so when markets OPEN I am READY all I have to do it wait to see what price does and how it plays out when my zones are tested. These are 5 things to pay attention to with next weeks price action.
Mark your zones and watch how price reacts off these zones
Trade smart and stay ambitious
1)I am expecting a bit of a pullback or a mini rally here soon BUT the selling is not over as we have failed to break the $412 - $413 zone as shown (Orange box)
2) We have perfectly bounced off $393.71 Support and we are likely to retest it one more time.
3) We broke $399 - $400 zone (BLUE BOX)
4) we have potential to pull back to $400 zone if not then $412 zone.
5) last possible scenario is that we dump RIGHT down to the POPULAR $390 ZONE.
This is how I analyze my charts and break them down, I MARK DOWN all important Zones and key lvls and make sure I KNOW THEM so when markets OPEN I am READY all I have to do it wait to see what price does and how it plays out when my zones are tested. These are 5 things to pay attention to with next weeks price action.
Mark your zones and watch how price reacts off these zones
Trade smart and stay ambitious
