The $SPY is kissing the gap fill on the charts from Friday.
Also the volume is light today for a sell off.
These simple factors tell me that upside is still likely in the next week. Not to mention there is a fair amount of bearish sentiment out there which makes me think the markets will go in the opposite direction of the public as it always does. ;)
Either way, I am going to trade this for a short term bounce then a hard sell off.
happy trading everyone!
Also the volume is light today for a sell off.
These simple factors tell me that upside is still likely in the next week. Not to mention there is a fair amount of bearish sentiment out there which makes me think the markets will go in the opposite direction of the public as it always does. ;)
Either way, I am going to trade this for a short term bounce then a hard sell off.
happy trading everyone!
$SPY/S&P Chart Gap Fill...
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