$SPY seems to be tracing my forecast lines that I made in my post last night. It looks like within the next 2 weeks $SPY will plummet and retrace to a 165% fib re-tracement level. This would mean that it would hit a range below 175 which is absolutely INSANE. Of course, keep in my any fundamental events (ie: news) will ALWAYS trump and take precedent over any form of technical analysis. Don't take any of my posts as investment advice. Be careful out there. We may see spikes in VIX soon. Keep an eye out on crude oil too. Scary stuff. Only time will tell...
Comment:
$SPY is following my projection on the dot so far...