SPY Potential for Bearish Continuation | 29th Sept 2022
On H4, with the price moving below the ichimoku cloud , we have a bearish bias that the price may drop form the sell entry at 372.6, which is in line with the overlap resistance to the take profit at 352.63, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 388.38, where the 38.3% fibonacci retracement is.
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