Replies to post #267670 on SPDR S&P 500 (SPY)

[BOS-MMT]

Gotcha. We bounced on Friday’s low. We may bounce, but personally I really don’t see 285 as NN said.

[USDollar]

what chart time frame are you referring to?


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imo morning action was more of a setup than actually looking decent

Yes, it could've looked good, but only if that setup action was then violated to the upside, which it wasn't, then sell programs

To this moment I don't see ANY buying in not one but FIVE time frames from weekly all the way down, and that's as bearish as can be ST

Also the daily made a lower LOD which strengthens the downtrend (not to mention it was done with ease and no bounce from low which is super bearish too)