SPY reading down again late in the session $SPY

14 ก.พ. 2022

Yet again we have a late session sell off. This was starting to look like some potential for stabilisation. All the volume so far today was around 440 but we have now broken out. The close is the most significant part of the day due to benchmarking and this is also the most liquid time of the day. I thought if we could hold around 440 there might be a contra rally to squeeze out some short term bears as we are at max bearish sentiment. But now bears have reasserted control