Spy pullback
Updated
Think we are going to pullback to 397 support before any leg higher.
PCE is friday..
I only like the long above 402 with a 408 target.
So much proce action in that 401.50 area
April Cycle is usually bullish. I'd like to see Spy Crack 402 and qqq Crack 315 first though
So to sum it up is, I think we pullback and test support or 397 and then PCE will decide the next direction
PCE is friday..
I only like the long above 402 with a 408 target.
So much proce action in that 401.50 area
April Cycle is usually bullish. I'd like to see Spy Crack 402 and qqq Crack 315 first though
So to sum it up is, I think we pullback and test support or 397 and then PCE will decide the next direction
Note
Pushed right to resistance on another low volume day..Since trendline support is rising I've move my target pullback to 398..
.
Rising wedge clearly forming now
Note
Another factor why I doubt the spy will move higher is QQQ...Here's a daily chart on qqq
At the top of its channel and near is 315 fib resistance. Tech looks to be distributing
Note
Keeping this dirt up with tech.. as you can see tech is respecting 315.. Dow and Iwm closed there gap today.Tomorrow Spy and QQQ.
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