SPY is it time to bottom fish?
SPY closed right at Aug low of 190.55 which is a definite support going into may. Also, right at 200dma.
Severe selling pressure in the last couple of session definitely (with volume) indicate more downside.
Needs to hold 200dma + the previous support for some upside action.
Severe selling pressure in the last couple of session definitely (with volume) indicate more downside.
Needs to hold 200dma + the previous support for some upside action.
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