support at previous resistance, 50MA
very small wick shows good support & buying confidence.
Bull case:
expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38
Bear case:
SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
very small wick shows good support & buying confidence.
Bull case:
expecting a good bounce up, best case aim for gap fill & forming a new trading zone between 34 - 38
Bear case:
SPY keeps dumping and 50MA support fail to hold, and break down further to test 100MA at $33
CCI, MACD pointing down, bearish case