SPY is in a corrective pattern. It might go up a bit more, but ultimately I think the high is somewhere between those two orange dashed lines, and the low is $410 +/- $2.50 by end of week. If not then my guess is that's where it will open next Monday. I've linked a few of my previous ideas. Please excuse the rude language on two of them - I was posting them for a specific person to see.
This is just my guess. We've closed today on a black spinning top, so it could go either way. Again, I think if it bounces it will test those two orange lines, and then we'll know what will happen next.
This is just my guess. We've closed today on a black spinning top, so it could go either way. Again, I think if it bounces it will test those two orange lines, and then we'll know what will happen next.
Comment:
Seems like it's going down to around 411 +/- 1/ If you maake a copy of the chart (click Make it Mine), you can peruse the hidden layers that helped me come to this conclusion. Using them all at once makes them kinda hard to read on TV.
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