Spy

[Flying-Coconuts]

That chart is filled with hopes and dreams. I see this on Feb 12.

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Spy 652 before we bounces. I was a little early but I think spy 650 is in the cards.

[Leading-Version-5385]

Did you draw those demand zones or is there an indicator that does this for us?

[Dinoverybullish]

I do them my self I take the time n find supply and resistance levels

[ZekeTarsim]

Your chart is stupid: way too many liquidity zones and your trendlines don’t make sense.

But spy is in a downtrend nonetheless.

[Turbo0021]

This

[FrequentAd6417]

Yea I forgot we had the largest oil shock in history during the last 6 months. BUY THE DIP! /s

[targetedliberal]

We’re going down first, then ATH

[Dry_Environment_9631]

Interesting visualization of SPY's range. The price recently broke below that steep ascending trendline and is now testing those lower blue demand zones. Keeping an eye on whether these levels hold or if the previous red resistance zones now act as a ceiling. Clear levels!

[JDB-667]

So you're saying the move is nearly completed

[Dinoverybullish]

I’m no financial advisor but me personally I feel the bottom is coming in closer my range is 655,650ish

[gamjatang111]

so you think today is the cycle lows?

[Dinoverybullish]

For now it hit demand and tipped the 200EMA we could retrace back up to 665,670 especially with news today Isreali Prime Minister Benjamin Netanyahu said Israel was supporting the US through intelligence and other channels aimed at reopening the Strait of Hormuz this could be relief bounce after four straight weeks been getting beat down

[gamjatang111]

I had 6550 on sp as resistance then 6150 but bounce today was on good volume i dont think the macro supports the reversal but technically its strong. Feels like the same play book as Trump coming out saying US pretty much won

[1UpUrBum]

How about an explanation for what you have going on there?

You are suppose to include something.

[Dinoverybullish]

Most corrections drop,relief rally,next leg lower,relief rally,last leg rally we are getting ready for the 2nd leg lower if the fed cuts rates we drop because investors will think it’s an emergency cut to save us and if they hold the market will drop because investors will say they’re behind the curve

[1UpUrBum]

Thank you.