ContraryTrader

Spy 399 then bounce to 406

ContraryTrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Expecting a dead cat count bounce around 398-399 then if minutes are dovish a rally back to 406 before the last leg down to 200sma around 393.

Vix daily Candle outside Bbands
Dow daily Candle outside bbands..

There's usually a deadcat bounce when you this.

I expect a late day flush to stop out the 400 buyers .. I'll be waiting for tomorrow to go long.. wouldn't surprise me if we retest today's low tomorrow before any bounce therefore I don't see the rush to dip buy

Comment:
Same game plan.. still expecting a pop tomorrow. Way over sold now
Comment:
Vix inverted cup and handle on 30min time frame...

Tesla and apple falling wedge on 30min... we should pop nicely
Comment:
For Entries (If your not already long)

Wait for a move over 401.
Target - daily 21ema or 406
Stop loss - below 400

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