Short idea for SPY using ICT liquidity methodology

٨ يوليو ٢٠٢٤

Since there is large selling pressure at the current level, but not enough price action (yet) we can assume that there is a sell side sentiment for the market to correct itself before a higher push for the upside (i.e. there must be consolidation to the downside before bullish sentiment can resume).

Additionally, due to the mixed news with the Fed vs unemployment rates, it is to be expected investors will be wary as CPI data is released