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abigreen

SPY THIS WEEK OUTLOOK

SPDR S&P 500 ETF TRUST (BATS:SPY)  
abigreen Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators
10
2
trendanalysis chartpattern indicator
I will go short if we reject at around 520-521
Spy is out of its channel range and will try to reclaim it today.
If we break above it and retest it, then its a short term long.
If rejected and stays below 520-521 then its bearish to 516, 512, 490

the correction to 490 will come, just don't know when.
Comment:
Looks like hourly bounce is going to happen from here, target 507
if not then we drop to 489 and bounce to 501.
snapshot
Comment:
playing long, but 508 is the level I am watching for possible short
Comment:
idea played out nicely, I didn't take position as don't like gambling with earnings. we now have a major gap that needs to be filled.
Comment:
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