SPYSpy Bull / Bear Scenarios
Red Pill = SPY continues dropping to the lower bound of the green fork. (Approximately the 345-350 level)
Blue Pill = SPY reverses higher to the median line of the white fork, with the potential to rally to the upper bounds of the white and/or green fork.
Lightning Bolt = Potential relief rally peak?
Let me know which scenario you think is more likely in the comments.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.