As we can see the trend line have held the US500/SPX/SPY price for so many times, we still couldn't break above it. In other word, it's acting as current overhead resistance ever since we broke down from this white line. We tried three times so far this week, 17th, 19th and the 20th, still couldn't manage to break above it. So if anything happens tomorrow, it would be a big red candle to tomorrow with gigantic volume since it is going to be the "Quad Witching" Day.
When will the "True Bounce" be happening? I would say, the bounce back window should starts as early as next week if we see capitulation tomorrow.
When will the "True Bounce" be happening? I would say, the bounce back window should starts as early as next week if we see capitulation tomorrow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.