SPY is showing signs of distribution on the 5 minute timeframe. Prices could close the "gap" and still only fall to the 50% Fibonacci retracement. This would leave the markets in idle and indecisive and bull bias would remain intact above $204.44
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.