SPY is currently trading above a key trend line that has defined this market correction. A massive V shaped bounce is underway.
This chart attempts to show what the possible scenarios are in the cards going forward.
There is quite a bit of overhead resistance going forward, but resistance is only potential resistance.
Also pay attention to gaps in the 190.5 and 187.
This chart attempts to show what the possible scenarios are in the cards going forward.
There is quite a bit of overhead resistance going forward, but resistance is only potential resistance.
Also pay attention to gaps in the 190.5 and 187.