WillNixTrading

SPY - Pullback Possible

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Whats up Traders -

We're at a major Pivot Point . . . this would be true utilizing several different TA methods, however, we are using the ABCD Pattern.

Not a 'perfect shape' but they rarely are. Be wary of getting long while in this 'pivot' area.

We are short with a stop loss about 2% above the top of the pivot area.
Comment:
still in the pivot zone - looking for a breakdown or breakup.
Comment:
Pivot Power - Likely next week - we will find out a direction . . . . .

Look for a meltup or a breakdown out of the pivot zone
Comment:
Pivot UP UP UP
Order cancelled
Comment:
Support at the pivot - after breaking upwards.

This is a good bull sign In Our Opinion

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