AMEX:SPY   SPDR S&P 500
83 6 4
Just an idea...notes on chart
agree, multi day event down (this week) but to what support? Looks like all supports and resistance points are being played and are in play during these moves and as pivot points, almost on key.
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Greenstream claydoctor
Maybe it goes down one more measure of distance illustrated; support being around 188. If this happens it will close a daily gap around 190 and will be the back test of a big number which 190 hasn't tested yet.
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KLang PRO Greenstream
I'm not thinking it has to happen in one week, we could very well bounce tomorrow.
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KLang PRO claydoctor
Target aligns with top of a gap. It would be pretty bullish to hold.
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Selling seems heavy this time and could be a very quick move (1-5 days) down but of course it could also be a quick reversal.
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KLang PRO djflowmaster
Agreed. I don't know how the target will be got to, or even if it will be hit or surpassed. It was just an idea I wanted to share. Some of the weaker sectors look to be nearing their targets.
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