$SPY MARKET BREAKDOWN - (June 13)

SPY Market Breakdown - Weekend of June 13th

• Keeping this chart clean and simple, with the only technicals being simple S&R levels as well as my own Easy Loot indicator I created yesterday
  
  
• With the impending second wave of beer virus, the stonks markets are looking for another decent correction
  
  
• This being said, the marked out accumulation zone (green) on my chart at 272 - 286 is my buy zone AFTER I see clear indication of a trend reversal
  
  
• Right now it wouldn't be smart to go long, although it does seem like market is holding out at our known accumulation zone of 302 -308
  
  
• What to expect on Monday?
  
  Scenario 1
• Price continues holding at 302 - 308 right along the higher accumulation zone and stays flat going into next week
  
  Scenario 2
• Price starts to fall and sell targets are placed going short , 1st TP @ 294, 2nd TP @ 286
  
  
• From there we will re-evaluate the market and decide on our next entry either long or short, who knows? corona could come back all of a sudden and our bias completely changes
  

Don't trade against the patterns of the market, you're going to get humbled.

As always please do your own research, I am not a financial advisor.