$SPY premarket does look ugly. Here're some potential scenarios.
A - supply/ demand zone around 413 and the 20EMA. Volume shelf on 413 also.
If we break down the next will be scenario B, previous pivot around 406-408 and the 100SMA.
A - supply/ demand zone around 413 and the 20EMA. Volume shelf on 413 also.
If we break down the next will be scenario B, previous pivot around 406-408 and the 100SMA.