If price does not hold the box then as per my analysis and calculations and on Monday if I do see my favorite candles burning then $458 coming for sure. Not bullish as if price even holds and goes up we have magnetic resistances at $470 & $472. BEARISH
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Make sure everybody is focusing on the box.On daily it should give us a bounce but not more then $470-$472
Both of your targets sound about right. Sell down to 457-8 this week, bounce up to about 470 by end of Jan, begin bigger breakdown.
BaadshahAce
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@ssinykin, daily charts suggest that there can be a gap up tomorrow looks like somebody is buying but again. But if it holds on 470-472 (day trade) will see what to do..but there can be Spike tomorrow and then in options I am looking for a deeper fall.if it breaks my box with my favourite candles then $458 is coming
ssinykin
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@BaadshahAce, Yes, SPY hit my 457-8 short target midday today, I covered shorts and went heavy long. Tomorrow will likely gap up and rally, we will hit 470-473 by the end of this week, likely.
BaadshahAce
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@ssinykin, I will wait as I am still not bullish...I do only options so for me price has to hover over my box and give me a supply test then il look for $468-470 move, that $470 is a dark gloomy resistance
ssinykin
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@BaadshahAce, I understand. I run a quant hedge fund, and we go long short all day/every day, so we are very rarely out completely. My trading only applies to my circumstances.
BaadshahAce
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@ssinykin, let's see what is in store for tomorrow ,will analyze SPY tonight and AAPL as well:) nice talking to you