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manifresca

SPY PULLBACK

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
manifresca Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators Harmonic Patterns
7
0
trendanalysis indicator harmonicpatterns
The chart lays out what I think could possibly happen beginning tomorrow.

DO NOT TRADE. NOT A PROFESSIONAL.
Comment:
snapshot

NOT INVALIDATING MY IDEA but closed my short at 2625 from a 2634 entry today. EXERCISING NO EMOTIONS.

REASON

Swapping over to my preferred way of tracking S&P, symbol 'SPX500'.

-Notice 1hr oversold
-Hovering around 1hr support of a bull flag which makes me think we may just be consolidating in a bull flag
-We just hit point #1 on chart again which is the 50% retrace from all time high to recent low and have pulled back.

***I would watch this carefully as it looks like it could provide resistance but may also be indicating an IHS on 5 min coupled with oversold conditions on the hourly/2hr could take us up to the recent highs testing resistance***
Comment:
NOT BULLFLAG, triangle.
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