MarketMaker128

MarketMaker128

AMEX:SPY 6/25 (update) - broke through 292 into no man's land... it could further go down to 289.7 area or if it open higher >291 i may go sideway. If I was a betting man, I'd say it would gap down b/c the close was below today's POC. 6/21 (original post) - Price closed below POC of the day on Friday. Thin order flow between 293 and 294. If 294 is held, target...

MarketMaker128 Updated 

AMEX:SPY

MarketMaker128 Updated 

AMEX:SPY Overlay of 4 different gann fan at recent peaks and lows since Q1 2019. The yellow triangle seems to be the area that it needs to break through in order to keep the bullish trend going. Fall below the bottom of the triangle (~290) would indicate a reversal of recent bullish trend in the short term with a target of 50 MA around 287.