mellow_trader

SPY pre-market study

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
1. (pre-market) gapping below yesterdays price range - into a pocket
2. just completed a day of compression after..which closed bearish..after...
3. ..a broadening day (sweeping for liquidity?)

i think we see a retracement then possibly repear what happened before at this level (see blue lines)
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