Bearish pressure is intensifying as price action slips beneath key intraday levels, signaling a potential continuation of the downward trend. Sellers are maintaining aggressive control near recent lows, opening the door for further downside movement.
$SPY – LONG
Entry: 768.35–768.41
SL: 766.35
TP1: 769.00
TP2: 769.50
TP3: 771.40
Price action is stabilizing near the lower boundaries of the current range, presenting a high probability mean reversion setup. Strong buying interest around the established support zone provides a solid foundation for a recovery towards higher liquidity pools.
$SPY – LONG
Entry: 768.35–768.41
SL: 766.35
TP1: 769.00
TP2: 769.50
TP3: 771.40
Price action is stabilizing near the lower boundaries of the current range, presenting a high probability mean reversion setup. Strong buying interest around the established support zone provides a solid foundation for a recovery towards higher liquidity pools.
