climbing_stars

Bears may still have a chance...

AMEX:SPY   SPDR S&P 500
185 6 3
Still looks likely that we correct. Especially because, bullish euphoria has taken place. Also the 24 hasn't stayed on top for this long since 2011. There are quite a few similarities to 2011, minus the H&S . Watch closely in the $176 area.
Yes, when price action says so. only.
Reply
climbing_stars MarketSwingPlayer
If this pattern is broken keep your eyes on $182. That's where a monthly AB=CD completes. Along with a bearish butterfly. I didn't expect us to just charge up there without a little pause. But seeing as how we broke through the 1.13 fib today, looks like there won't be a pause. There is nothing but air until 1.27 at $82. Look at my monthly SPY chart if you want a reference. Take care.
Reply
Agreed, thanks! Cheers
Reply
climbing_stars charlie.delta.trader
Yes I agree. I thought the market would rest prior to hitting my main PRZ at $182. I guess not though after busting through the 1.13 extension. I have 1.27 at $82 and some change though. But yes either way watch this area. Happy trading.
Reply
Still within the ending diagonal (EW) so yes .... the possibility is there.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out