Market had a major sell off last week, but after the past 3 trading days the bulls have shown that they are not giving up the bull market that easily. I still see the market very bullish but we still have a possibility of more down side. Tomorrow Spy must open above this trend it is beginnnig to form. if it opens inside the channel it might follow the white drawing i showed. If SPY opens out of channel then we might see a stronger bull run to new ATH. Do not add any position with out confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.