Needs to brake 418.16 and stay above to reach 420
If its rejected again (with premarket its going to be 6 tiomes) I expect quick seloff to 416.21 or deepr 411.20
Today its again full of false signals: bear flag, raising wedge was completely ignored.
Dont like days like this, I guess SPY is waiting for FEDs announcement, which is today and tomorrow.
I still hold small position with my target set to 410, but If its rejected I will take quick position with UVXY
If its rejected again (with premarket its going to be 6 tiomes) I expect quick seloff to 416.21 or deepr 411.20
Today its again full of false signals: bear flag, raising wedge was completely ignored.
Dont like days like this, I guess SPY is waiting for FEDs announcement, which is today and tomorrow.
I still hold small position with my target set to 410, but If its rejected I will take quick position with UVXY
Comment:
Bulls won, my target is 420 !
We almost touched that resistance this morning.
Seams like major wall for SPY, I imagine it will try one more time today.
Braking it may give SPY one big green candle, all the way up to 420
Solid rejection may create opportunity for short position to 413 level