ChargingBull
Long

Expecting a nice pop short-term

AMEX:SPY   SPDR S&P 500
We are currently trading in the pink zone, where there is heavy price-volume action. Our next leg up is the 1-day prediction. 203.75 is where prior support has resided for about a year. The regression line meets with this prior support. We will be reaching the upper bound of the Bollinger Bands . The price tomorrow will be considered an inflection point of where we will be going in the future.
Here is a picture of what I am talking about (we broke through the regression channel!): https://scontent-lga3-1.xx.fbcdn.net/hphotos-xtp1/v/t1.0-9/12472307_1725538007692546_3362454173625699695_n.png?oh=339fe940d9a7aa86d7d53846fe1b6b79&oe=575C0A1E. Check out how those Bollinger bands are tightening up ready for a bigger move up in this case.
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Need to see a breakthrough 201.94 on a thirty minute time frame and break out of a regression channel. Never doing a one-day prediction again. I am best at predicting in weeks. Also, looks good on a daily time frame.
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The 200ma yellow line has been breached and is "providing support" much like the 201.72 support price level right now (the lower bound of the pink highlighted trading zone). Expecting to see higher prices with lower volume, but I would like to see momentum and an Ichimoku cloud study to see ease of movement through S&R as volume follows through in higher price range territory.
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