SPY - DEMAND ZONES
Based on volume profile, bottom of pandemic to present.
We want to see the shadow of a candle push thru $369, but the candle's real body should close above it, if we want to remain in bull-mode. A candle body breaking below this point would be bearish, and we would look for support at the next major demand zone. Similar to previous consolidations we've seen over the past 9 months, we're looking for a 'W' formation before proceeding to higher-highs.
We want to see the shadow of a candle push thru $369, but the candle's real body should close above it, if we want to remain in bull-mode. A candle body breaking below this point would be bearish, and we would look for support at the next major demand zone. Similar to previous consolidations we've seen over the past 9 months, we're looking for a 'W' formation before proceeding to higher-highs.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.