SPDR S&P 500 (SPY): Very oversold but expecting one more was...

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learningthetruth

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learningthetruth

Re: buyittradeit post# 361659

Sunday, 08/28/2022 5:50:23 PM

Sunday, August 28, 2022 5:50:23 PM

Very oversold but expecting one more wash out maybe to 3980-4000 Monday morning and would love to see a bounce back to 4120 to 4150 area over the next week for another big short opportunity.

FYI SPY 50SMA is $398.54, expecting that to hold this time around and hopefully a nice bounce from there....that's the way I'm leaning into tomorrow....if for some reason it doesn't hold, should fill that gap at $390.89...but I'm personally not expecting that this go around..anything possible though.

I think we see news lows in September and then again in October...

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