Trend is indeed in favor of SPY -now some may suggest that we need to chart Futures but to be honest it won't make a difference in this case.
No point of taking a long position until either 235 is re-tested or 237 for a scalp.
I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible.
Although I feel like -if it tests 235.22 it might very well trade sideways for a while.
Like always trade accordingly.
No point of taking a long position until either 235 is re-tested or 237 for a scalp.
I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible.
Although I feel like -if it tests 235.22 it might very well trade sideways for a while.
Like always trade accordingly.