June 9

SPY
Price :
SPY formed a 2nd lower low. Rejected at the AVWAP from peak and broke the 1st low.
Lost 21 day but bounced at the 50. 5% down from the Highs.
Support between 710 – 725 ( 50 day and AVWAP )
For a confirmed trend change, price needs to get above 747.

RSI :
On 30 mins, forming higher lows, while price is forming lower lows. Bullish divergence developing.

Sentiment:
Buyers keep stepping in after selloffs.