$SPY looks soft on the 15m. After rejecting from $712.00, price kept sliding with lower highs and then flushed into $706.39. The current bounce is weak so far, which means sellers still have short-term control unless price can reclaim the $708+ area with strength.
Trade Setup
Entry Zone: $707.10 – $707.50
🎯 Target 1: $706.70
🚀 Target 2: $706.20
💰 Target 3: $705.60
Stop Loss: $708.20
Momentum is still leaning bearish, and this setup works better as a sell-on-bounce idea. If price gets back above $708.20 and holds, downside pressure can start fading.
Let’s go and Trade now.
Trade Setup
Entry Zone: $707.10 – $707.50
🎯 Target 1: $706.70
🚀 Target 2: $706.20
💰 Target 3: $705.60
Stop Loss: $708.20
Momentum is still leaning bearish, and this setup works better as a sell-on-bounce idea. If price gets back above $708.20 and holds, downside pressure can start fading.
Let’s go and Trade now.