Looking at these levels for SPY.
If it breaks this 30 min / 1hr trend to the upside, I see it reaching the supply zone I have drawn out.
Another hint would be to follow the direction of fibs, bollinger band expansion (allowing room into the supply zone).
Past few days indicate a possible leap over night.
We'll see by the last 15-20 minutes of close...
Estimated new open at 396-397.
Feel free to share thoughts and ideas to help me improve. AMEX:SPY
Wanted to share this to spark some thought...
Noticed a gradual increase in the angle per bounce for SPY .
Angle grows consistently by 2-3%
Let me know if you think there's a way to improve this idea!