Analysis Note
1. In june, S&P went above 200 day moving average
2. Current drop is approaching at 61.8% fibonacci level soon.
3. We have bollinger bands lower band sitting around that level.
4. June the 4th timing is also set around that level.
Decision
1. Market can go up in early July.
2. Read reports on 1 July & place orders if everything seems well.
3. Banks are corresponding to this predisposition.
SPY
1. In june, S&P went above 200 day moving average
2. Current drop is approaching at 61.8% fibonacci level soon.
3. We have bollinger bands lower band sitting around that level.
4. June the 4th timing is also set around that level.
Decision
1. Market can go up in early July.
2. Read reports on 1 July & place orders if everything seems well.
3. Banks are corresponding to this predisposition.
SPY