ch4otik
Long

S&P POTENTIAL RISE BEFORE FALL?

AMEX:SPY   SPDR S&P 500 ETF
163 0 3
Seems to be bouncing off my support line. Maybe we'll see it rise to 193 before a continuing fall?
Or maybe it will cross it and keep rising towards the top trendline , pass the 200 level, and reach around 205?
I'm not a fortune teller. But I'll post this for reference. Personally, I've had long positions since the 183 level so I'm temporarily long till at least the 193 level. I firmly believe the fall is coming, but he pacing is yet to be decided. Like I said, I'm no a fortune teller so I play with whatever the market gives me even if I already think it'll go one way.
Comment: Seems it did come up close to the upside prediction of 205.
Play what the market gives not what you think.
Comment: Top trend line seems to be holding up
Comment: I have adjusted the top trend line in my personal charts to better fit the price action from previous weeks.
Movement the past two weeks still show it crossing but it seems to be retreating at that resistance line of 210.99 almost too cleanly
Comment: Oh look.
It kept going up!
Anticipate but trade what you see.
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