$SPY Possible Wild Bearish Scenari for coming days targeting 285
Thursday bearish candle suggests open lower on Monday then extend decline to break down previous bottom.. if negative momentum is growing then it possible for further drop and trying filling the gap at 285 and can extended to the main support level between
272 then we can see strong fast powerful bounce to 320 and / or filling the upper gap near 330 and possible new ATH before election on Nov.. This is bearish scenario for coming days , if markets goes up and $SPY closed above 318 then strong bullish uptrend signal for coming weeks. Future opening Sunday night will clarify if this scenario is valid.. key short entry below 300.
272 then we can see strong fast powerful bounce to 320 and / or filling the upper gap near 330 and possible new ATH before election on Nov.. This is bearish scenario for coming days , if markets goes up and $SPY closed above 318 then strong bullish uptrend signal for coming weeks. Future opening Sunday night will clarify if this scenario is valid.. key short entry below 300.
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