SPY DECISION

١٩ سبتمبر ٢٠٢١

SPY broke the trend line that it has held since March of 2020. Which was bound to happen, it was a matter of time. It is possible to also drop to the 437 support, there is a gap to fill to the upside and I think we can get a relief bounce. After the drop to 437 of course. Then more possible downside back into the zone. Until we break through the zone we'll see new levels. I think the next weeks we'll be seeing a back and forth within that zone I highlighted. There will be ranging until where the market decides to go. Bears have the advantage so far. Let's see what happens!