$SPDR S&P 500 ETF Trust(SPY)$but hit strong support 

SPY - TA Update 24 Sept 2022 - What a night!!!


Daily Chart

- Began gap down past the demand zone (Bears intently brought it lower to trigger all the stops there. That led to the onslaught of sell down after)

- Filled the entire gap below (beyond 366!!!!)

- Almost broke the 17 June low (by a few cents!)

- Bulls stepped in strong in the last hour to set a hammer candle!


30mins Chart

- Amazing gap down 

- Last hour bulls came in


Next week

- The bulls might want to fill the gap 370 to 374

- Light resistance from 368 to 370

- Is there hope?

@TigerStars@Deposit@YTiong@DomH@CaptainTiger

# Technical analysis challenge

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  • melson
    ·2022-09-24
    bulls have been attempting to make a come back for the past 3 sessions but were heavily guarded by short sellers because of their large short sell position. if short sellers lose ground, they will lose big time. they will run out of ammo soon as they cannot fight the might of law of physics where it states what goes up must come down and vice versa.
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    • AsphenReplying toAsphen
      but it might be a temporary reprieve. bears might give in to a relief rally on Monday and then carry on bringing it to the new low.
      2022-09-24
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    • melsonReplying toAsphen
      [Wow]
      2022-09-24
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    • Asphen
      yup. last night I saw exhaustion from the bears at 1 to 2am my time. and that's when bulls built the momentum to start the way up from 3am in the last hour.
      2022-09-24
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  • CyrilDavy
    ·2022-09-24
    3 months from now when SPX is at 4500 we'll be kicking ourselves for missing this buying opportunity.
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    • Asphen
      yes. we will. so I'm not waiting. will DCA and see if there is a new low to be set or this is it.
      2022-09-24
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  • FranklinMorley
    ·2022-09-24
    well I sold everything in the morning today. All my investments. I think there is real trouble to be had here.
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    • Asphen
      wow.... drsastic actions
      2022-09-24
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  • TooYoung
    ·2022-09-24
    inputting insight
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    • Asphen
      thank you
      2022-09-24
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    • ZBM
      [What]
      2022-09-24
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  • eheheh
    ·2022-09-24
    I wanna buy
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    • Asphen
      it almost broke the 17 June low
      2022-09-24
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  • Felixayt
    ·2022-09-24
    thanks for sharing!
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    • Asphen
      you welcome
      2022-09-24
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  • HHLim
    ·2022-09-26
    L ike
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  • LeonardKSW
    ·2022-09-24
    stupid usa
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  • waterlilyhui
    ·2022-09-24
    Ok
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  • ramius75
    ·2022-09-24
    👌
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  • phantom74
    ·2022-09-24
    like
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  • Galaxy121678
    ·2022-09-24
    ok
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  • cowsmile
    ·2022-09-24
    Ko
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  • Milan44
    ·2022-09-24
    👍
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  • MoneyCub
    ·2022-09-24
    Ok
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  • RDPD富爸穷爸
    ·2022-09-24
    👍
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  • fysx49
    ·2022-09-24
    like
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  • vSup_puSv
    ·2022-09-24
    Ok
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  • Dan94
    ·2022-09-24
    ok
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  • Bharatt
    ·2022-09-24
    👍🏻😊
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