JenRz

Finally, bearish energy SPY

Short
JenRz Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
In the big picture, I thing we're going to 4850 this year, but for now I have reversal energy with my dowsing giving me the options for a "breakdown" and "long term trend reversal" suggesting a test to last week's low for the time being. I'll update as I ask more.
Comment:
This morning I get that there will be a spike up and reversal down. Possibly down 2.6% on the day. This is an update.
Comment:
Oh, watch time of day 10:12 and 12:15 for possible move up and then back down... not sure. It's 9:57 and doesn't look like they did the spike yet. A spike is a fast move and watch for the reversal.
Comment:
Hit 80.50. Fairly close to what I had on ES of 4578. I had this would be a look below and fail. That spike guidance was crap. Usually those are solid. I do get that we'll continue up a while and close the gap.
Comment:
Next high to short is around 4589. That 12:15 high was almost perfect.
Comment:
Next time of day 3:17. Negative energy. That 4578 & 89 came into play!
Comment:
This explains some things that were in my reading earlier about a "bottom" and some bullish mixed in. BUT, the imp thing to know is this will be a "scene of the crime" move and rx down as they usually do. Watching 4517. I don't think my prior time matters. 17 is important and also watch for a "new monthly low".
Trade closed: target reached

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