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axelroark
Jan 16, 2019 10:47 PM

SPY Bull (Regain ATH) Case 

SPDR S&P 500 ETF TRUSTArca

Description

SPY is moving into a distribution zone, which will likely result in resistance and a dip back towards recently established (fib) support levels. This establishes a new DTL support line that takes us through existing DTL resistance, and back into the next chop zone for more consolidation before either regaining ATH's, or re-testing lows.

Comment

Still in line with forecast. Seeking 270 this week before consolidating underneath for a bigger run.

Comment

This has been almost spot on to date.
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