My bullish senerio reference chart for M

This is just a simple reference chart I made for myself to keep track of Macys in the event that this scenario continues to be bullish. To come up with the price points I analyzed its trends, then used Fibonacci to find correlating price point projections. This is a method I use a lot when Im trading a item that I usually don't trade.

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I have a feeling the bears are about to cry on this one. So far it's right in point.

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That was a absolutely brutal open. I would stay away from this trade all together untill we know things are going to balance back out.

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Revisiting macys, you can definitely see what the red ending of last week gave bears the encouragement they need, but that doesn't mean that have this one in the bag yet. Still some signs of life here, Macys has has a lot of gaps, which and can analyzing it a real pita. My original prediction pattern seems to be back in action, it was just brought down one resistance level from the market dip. spx at this time is performing well and I expect a pretty large gap up in the overall market in the morning, if macys will gap up with everything and get into play around the 7.50 are that would be a really positive sign and set the stage for some positive TA set ups.