support at previous resistance, 50MA
very small wick shows good support & buying confidence.
Bull case:
expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38
Bear case:
SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
very small wick shows good support & buying confidence.
Bull case:
expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38
Bear case:
SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
Note
Uber no volume is concerningCCI, MACD pointing down, bearish case
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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.
Related publications
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.