Will the price break this resistance zone and end the bearish trend?
Or will price reject off this resistance and form a double top and continue hitting new lows?
Right now, we are in neutral territory until we can see clear higher highs/higher lows or lower highs/lower lows.
Fundamentally, I have a bearish bias. But when doing technical analysis, it's important to operate without a bias, therefore I am currently neutral in my prediction. It's about waiting and seeing.
If the SPY closes above $345, I will be closing my short positions.
Or will price reject off this resistance and form a double top and continue hitting new lows?
Right now, we are in neutral territory until we can see clear higher highs/higher lows or lower highs/lower lows.
Fundamentally, I have a bearish bias. But when doing technical analysis, it's important to operate without a bias, therefore I am currently neutral in my prediction. It's about waiting and seeing.
If the SPY closes above $345, I will be closing my short positions.
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