SPY close analysis 9/26/2023

27 Eyl 2023

Unfortunately, yesterday led to continued downside. Oscillator is crossing back down and threatening its headed into oversold territory.

We now have multiple gaps above acting as resistance. I think we'll see a "breakdown zone" retest (430-436) but at this point the 200 day EMA and the old draw on liquidity is closer and thus much more likely to happen first.

In short:

• Rallies are to be faded
  
• Approach pumps as scalps (day trade only
  
• Bulls need a gap up or some other supportive action in order to have a sign of strength
  

27 Eyl 2023

İşlem kapandı: hedefe ulaştı

Check out that pierce of the 200D ema and then subsequent bounce! Wowza!

27 Eyl 2023

Not