SPY Target hit

28 Nis 2022

Our rising wedge on declining volume has officially played out. We hit our lower target at 416. We are currently at support and need to hold this area to avoid breaking down to much lower areas. If this occurs, it will be really bad crypto and be the catalyst to take us to 33k. I am expecting us to hold at these levels and consolidate before we bounce and continue to channel in this area. No new setup atm but will be keeping my eye out