photo720

SPY trend theory - two models for tomorrow

photo720 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Look at model for two trend theories. Market has been making huge moves one way or another and it's a full moon tomorrow so it could get bloody quick. Look for the 11:00AM MST for a trend shift.
Comment:
Pivot only played out slightly and then busted higher. Market in the upper fib fan channels and ignoring .618 down channel...still downward move coming IMO to 246 level. Bought SPY 265p May 15 at close... we shall see how it plays out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.