$SPY Holding Pattern Nearing an end
13 days in the box for the SPY.
3.5% range from top to bottom. Should all come to an end within 6 trading days, but probably much sooner.
Watching 382 closely for direction on 01/05, as this is weekly VWAP (Yellow line).
Price closed the day below the 9-EMA, which should result in a bearish daily 9EMA/VWAP crossover by tomorrow morning.... UNLESS we open above both (382+).
3.5% range from top to bottom. Should all come to an end within 6 trading days, but probably much sooner.
Watching 382 closely for direction on 01/05, as this is weekly VWAP (Yellow line).
Price closed the day below the 9-EMA, which should result in a bearish daily 9EMA/VWAP crossover by tomorrow morning.... UNLESS we open above both (382+).
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