Cyphertrades

SPY Follow Up - Reversal

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Target close.. looking for reversal to long Term Trendline.. which is an approximate 61.8. Fib.. I expect a large stop hunt with a hard reversal to LT line - using a Weekly to show how its been respected.... approx 362.. with anything draw shorter term timeframes (1 Hour).. very high probability.. dont go short till you get confirmation but extremely high prob. There are smaller time patterns showing poss 382-383 area they might hunt for stops then pull hard..

Good luck!!!

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