SPY gap down and falling under its channel support, if it can brake it $414.50 and stay above the I exit my short position I took yesterday.
If it cannot brake it, then going towards $400 is very possible.
If it cannot brake it, then going towards $400 is very possible.
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the formation overnight is a bear flag, but I noticed SPY is sending false signals to fool traders so be careful
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Im holding half my position from yesterday for a swing
Im in UVXY
Im in UVXY
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SPY will bounce now, I think EMA 50 on 5 min is where it will reverse back