JenRz

Bull Trap on $SPY $SPX /ES

Short
JenRz Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
I read energy of stocks and indexes via dowsing. I am getting we're at a swing high on the $SPY/ $SPX and to expect 3 days down and a move down of 4.3%.

I've run numbers on /ES asking for both percentages down and points down and I've asked for percentage and points on $SPY and they are both close.
/ES 4.24% and 172 pts (att = target of 3816. The percent move asked yesterday (1/11) gives a target of 3821. Both are close, and I like when that happens.
For SPY it was $14 points down = 383.50, but that's only 3.6%. If I ask for straight percent down I get 4.37%, which = $380.13
The other big thing to watch will be the date of the 17th as that could be a swing low. My dates often signal a reversal. Peace!
Comment:
I'm getting some bullish energy and suggestion we're up into Friday, so My idea is busted at this point.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.