what next for SPY
SPY has continue the very strong volatility, volatility would not disappear in overnight, so expect to keep seeing the volatility next week.
SPY has seen some rebound before going back to similar closing level as last week. Even the TD print 9 (which is a buy set up), the rebound has been very short lived and quickly go back down the buying entry.
The chance of going below friday's low is higher, should the movement continue to pick up, expect a 5 to 6% downside (one year low).
By then, we can see how it goes.
Posted via Steemleo
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