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jere.ornelas
Jan 18, 2022 8:18 PM

S&P at support. Short

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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S&P at support. Important close today. 5G Kicks on tomorrow. Heavy selling volume on the way down since December. Third attempt at support, it has to hold or down it goes.
Chart Patterns
Comments
UnknownUnicorn32969573
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after the market retests 448 tomorrow, i expect a rally the rest of the week @alwaysinlearningmode
alwaysinlearningmode
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@lavontakeyamon, This now looks more likely and now I am not even sure if that will even hold.
UnknownUnicorn32969573
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@alwaysinlearningmode, i think we are gonna see 448 today ....
alwaysinlearningmode
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@lavontakeyamon, This is a freaking weird market. I am just going to take a break of a day or two to see where this market goes.
UnknownUnicorn32969573
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@alwaysinlearningmode, patience .... this move wont hold today
UnknownUnicorn32969573
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@alwaysinlearningmode, the candles from yesterday needed to be denied first
alwaysinlearningmode
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@lavontakeyamon, I am not in anything for now so doesn't matter.
UnknownUnicorn32969573
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@alwaysinlearningmode, should be throwing puts ... spy is headed down today
alwaysinlearningmode
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@lavontakeyamon, At this point, I am checking which direction does it take. If it breaks and closes above 460 on the hourly, then I think we see 465 until tomorrow.
UnknownUnicorn32969573
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@alwaysinlearningmode, double top retest of 459 .... it didnt even bounce off of anything yesterday ... this is a fake out
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