Selling pressure is testing lower boundaries following a steady retreat from session highs. Market structure reveals a persistent bearish impulse breaking recent local supports.
$SPY – SHORT
Entry: 766.10–766.30
SL: 767.45
TP1: 765.40
TP2: 764.50
TP3: 763.20
Order flow shows sustained downside momentum with sellers continuously absorbing liquidity near session lows. Price action remains compressed below previous accumulation zones, favoring a continuation toward deeper support levels.
$SPY – SHORT
Entry: 766.10–766.30
SL: 767.45
TP1: 765.40
TP2: 764.50
TP3: 763.20
Order flow shows sustained downside momentum with sellers continuously absorbing liquidity near session lows. Price action remains compressed below previous accumulation zones, favoring a continuation toward deeper support levels.
