Maybe Nasdaq will lead SPY this time around
I posted a chart of Nasdaq that is showing the same pattern that it did to spy where each time(3) that it occurred, it created a lower low. Spy this time has it invalidated due to crossing over the zone, but Nasdaq is primed with very low risk.
This play will be entirely reliant on Nasdaq to carry SPY all the way down, or until Nasdaq hits lower lows, or can take partial profits along each bounce area.
Spy does not have to make new lows.
If Nasdaq hits 13900, then it would invalidate this trade until price action reaffirms the play.
This play will be entirely reliant on Nasdaq to carry SPY all the way down, or until Nasdaq hits lower lows, or can take partial profits along each bounce area.
Spy does not have to make new lows.
If Nasdaq hits 13900, then it would invalidate this trade until price action reaffirms the play.
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