I'll look to add lower or higher. But there is a ton of leverage in the futures. Wouldn't suprise me to see an overshoot to the downside.
Demark 9er low from consolidation. Osc back to neutral.
Update on SPY vs 11 year channel and broadening formations
If the 1% don't stop spending, this new plastic surgery technology may continue to be used. This is a monthly chart. Trailing the stop up each week is probably my play
At the 50% Fib Retraceemnt level 4/15. Broadening ranges where buyers and sellers test each other's resolve, and key areas to hold up to maintain bull trend. April has been an amazing month. End of April will be interesting. Options expire this Friday and we may have pensions rebalancing to sell some equities instead of buy for May. Hedge funds dipping their...
Looking on the short side given global economic conditions and Australia's first recession in a few decades.
Either a clean break at time symmerty at the fib level, or a false move up first. Or, the short setup fails and the short-term bullish trend continues
Noting the buy spikes after the bottoms for areas to watch. The broadening ranges are each side pushing the other to find their limits.
SPY Chart with gaps, horizonal lines where buyers and sellers committed, the broadening formation off the bottom and the 11 year channel.