SHORT | SPY

SPY

I expect bearish price action now.

Possible Scenario: SHORT
Evidence: Price Action, Money Flow, Fundamental analysis, Bearish Monthly Candlestick
TP1: 337$

*It's in oversold territory, but it doesn't mean a reversal, it can go lower, and RSI can stay in that area too.
*I expect it hits the 320$-330$ area in October, and then it hits 390$-400$ in December as the new year rally.

Kommentera:

this is a mid-term plan,