Hello,
SPY had a large sell off due to recent FED hawkish stand. Currently we created a support trendline since mid April and I believe the middle purple box would be the most likely bounce back area which is at 426 -422$ range. I believe we are due for strong pullback to 437$ by next week and RSI will also hit the support area . Here is my bearish long term outlook on SPY
SPY had a large sell off due to recent FED hawkish stand. Currently we created a support trendline since mid April and I believe the middle purple box would be the most likely bounce back area which is at 426 -422$ range. I believe we are due for strong pullback to 437$ by next week and RSI will also hit the support area . Here is my bearish long term outlook on SPY