Most people depend on indicators to help them determine whether good time to get in, but the fact is none of that matters. People must rely on price action
. YES, the candlesticks
themselves. They alone are your indicators. You can predict price action
, targets etc... Here in $SPY we see that todays
big bounce was nothing more than testing SL on smaller TF, also we saw bullish
progression which allowed for this pop to happen. Bigger picture is we are still in distribution. we can see the rounding top very well on lower time frames. Looking for swing short to 196. xx
and maybe even head lower near leg start of 193. xx
All healthy for nice moves up in near future...