So go the SPY mid-Keltner band being tagged by today up bar. Now, will price go the other way to avoid being tag.
As of now, price action is still below the mid-Keltner line.
Below daily chart show the SDS mid-Keltner band being tagged and now price is running back to the upside. Btw, SDS is the 2x inversion of SPY. Notice that the mid-Keltner band is also close to the Fib retracement of 38.2%. To me; that is a double confirmation of support. Yes, I’m long SDS at current price action with a stop at a bit below today low.
Below is the SPY daily chart
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