🔴 Resistance - 501 🔴
🚀 Target - 503 🚀
🟢 Support - 500 🟢
🚀 Target - 497 - 496 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR ASSUMPTION &...
after a good week of bullish trend we have CHOC on S&P 500 chart where price making lower highs
expecting a correction about 4525 >> 4510 >> 4500
and 4480 as gap filling level to consider
Looking at SPY's Friday's Daily candle, it is no brainer that SPY has further downside.
The next strong support is around 376.5.
It doesn't seem likely that this support would be breached. SPY should this week touch this level or reverse very close to it like some where between 378 and 376.
On weekly time frame, SPY has formed an Inside Candle. This pattern indicates there would be a downside breakout in the week of 13th Feb or the subsequent week.
If that happens, the first target would be 397.
If in the subsequent week of the breakout, the price opens around 395 or in simple words the trend continues then 382 would be second target with is a strong support.
SPY Trying to sustain above the trigger line still!! Moment below 4071 could bring Havoc in the US Market, Most chances are to be occurring around Next week !
