SPY Short Term Support Test
I wouldn't say this is the most important level for SPY, but it seems pretty significant for the rest of the session. I'd be wary of chop around this level, but it could make for a good long or short if it can move off of it a good amount.
Short term upside target = $575
Short term downside target = $565
If it can hold here I'd consider it rangebound between $568 - $575
Short term upside target = $575
Short term downside target = $565
If it can hold here I'd consider it rangebound between $568 - $575
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Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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