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$SPY #SPY weekly bullish / bearish prediction using the weekly chart sweep raid concept. Week 3/30 Mon.
Last week's scenario -bearish #2 played. Are we getting the same play this week?
Price only seeks liquidity internal to external or vice versa. Marking the highs and the lows of the weekly you immediately find those liquidities price could go to.
BULLISH scenario:
#1 - GAP UP - 634 above holds and raids 640-641. If bulls are strong, it could raid 644-645 to 650 - anything breaking above 650 will be strong bullish could go raid 660.
#2 - slower version, it sweeps 632 one more time before seeking liquidity on the upside following targets 640-641, 644-645, 650
BEARISH scenario:
#1 - GAP down - makes a new low then rejects 632-634 ( not allowing it back in the previous candle range) pushes down to raid 625 to 619 (previous weekly lows)
#2 - PULL BACK before the dump following last week's play.. it pumps back up 640-645 then dump. anything above 650 will invalidate bearish play..
Watch them levels. Your hourly and smaller timeframe confirmation will tell which side the weekly will raid.
Let's get it Monday!🤪



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