SPY Has Now Hit Its Target Down of 410. Now We Bounce.
#spy #dow #nasdaq #stocks #stonks
Traders,
We have been watching for this target to be reached for a few weeks now. Today we hit it. And just as I suspected, our RSI cooperated and synced with the price support, hitting its support at the very same time. Strong support in price levels conjunctive with strong support on the RSI means that the probability of a bounce next week is highly likely.
Best,
Stew
Links
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Going to be a bloody mess once it breaks 4K on SPX Chart