As predicted in the previous chart, we had a strong bounce at 275(even thou after hours it went to 272 but when market open we were at 275)
We are at 281.2 tonight, i think we are going to have strong resistance on the line at 283.1 on spy. then we should get a pull back to 279ish after the inverse head and shoulder on the weekly is completed. Once completed, we may see a death cross occur and bring the bears out in full force or we get a crazy boost that is able to cancel the death cross.
Oddly enough, oil is down and gold is up so that's still a lot of bearish sentiment there too.
People usually only get into gold if they feel there is a lot of market uncertainty.
I am thinking about doing a discord room separately for analysis, if you guys are interested, please feel free to message me.
We are at 281.2 tonight, i think we are going to have strong resistance on the line at 283.1 on spy. then we should get a pull back to 279ish after the inverse head and shoulder on the weekly is completed. Once completed, we may see a death cross occur and bring the bears out in full force or we get a crazy boost that is able to cancel the death cross.
Oddly enough, oil is down and gold is up so that's still a lot of bearish sentiment there too.
People usually only get into gold if they feel there is a lot of market uncertainty.
I am thinking about doing a discord room separately for analysis, if you guys are interested, please feel free to message me.
Trade closed: target reached:
took profit. attempting short here
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