Just trying to predict the bottom of our current bearish selloff from midday today. I believe we formed a head and shoulders from 05/27-06/09, the breakdown happened mid day and I believe SPY could continue to fall a little farther to $399 tomorrow morning.
I believe either one of two things happens then, either we bounce and retrace to 416.27/420.15, or we end up breaking the $399 level and begin a descent towards our 380.55 support level (our previous bottom).
If we do end up falling to the 380.55 level I'll re-evaluate the chart, but I believe we would bounce and form a double bottom causing a bull rally. (very speculative at this point)
Just my point of view, take it for what it's worth.
I believe either one of two things happens then, either we bounce and retrace to 416.27/420.15, or we end up breaking the $399 level and begin a descent towards our 380.55 support level (our previous bottom).
If we do end up falling to the 380.55 level I'll re-evaluate the chart, but I believe we would bounce and form a double bottom causing a bull rally. (very speculative at this point)
Just my point of view, take it for what it's worth.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.