JPMorgains

How many licks to get to the center…?

AMEX:SPY   SPDR S&P 500
166 4 2
I know this is probably not a popular idea…being that we all want to just bounce and never revisit the lows again. But what's that saying about the more times something is tested? Very interesting times ahead in my opinion...
Welp, this is it. Either this gets proven wrong or right in short order here...waiting patiently.
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Looks like it's right on track. 202-203 area on watch in the coming days...
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Love your chart, that 181 line will answer our question. I did read the us market does follow the china market so that with oil down and a strong dollar we could see the perfect storm. I am holding pat until it does break through support. As long as support holds, this is still consolidation with a flag pattern forming? I am not the pro, just learning so correct me if I am wrong.
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JPMorgains jedgraham
Thanks for the comment. I am no pro either. Just trying to be objective and take these levels one at a time. Lets stay focused and see what new information we get in the coming weeks. All the best to you!
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