The SPY Who Love Me?

The 3 major indices (Dow30, S&P500 and Nasdaq Composite) are showing potential reversal (towards the south) since the last 5 trading days. Potential short plays could be considered if the market drops the low of the last 5 trading days.

As for SPY (S&P500 ETF), the potential short plays could be made if the SPY drops below the Low of last Tuesday. Since the market did not pause from its downtrend on last Friday, it is highly likely that SPY opens positive today. Whether it remains positive at closing time remains to be seen.

Cheers !

PersianCat