As long as any negative news holds off tonight this should open decently strong. I seen today as a nice consolidation day after the morning gap up. Daily Candle is a doji and is looking for direction. I think the new trend keeps it moving. I can see Resistance at 267.50 (the 50% fib). If we bust that then ill ride it all the way to 100 day MA. It has been a huge week with a big recovery. If i am counting waves the 15 min chart should be starting its 3rd and longest wave up. Wave 2 might still need to finish back at 264.50. If your looking to set and forget buy around todays close or 264.50.
Cup and Handle also forming here. They usually lead to a big impulse in one direction or the other. Trend says up.
I know my charts are ugly but they make sense to me!!!
Cup and Handle also forming here. They usually lead to a big impulse in one direction or the other. Trend says up.
I know my charts are ugly but they make sense to me!!!
Trade active:
Just seen the SPY dumped overnight below 264.50. Hopefully get it back by morning.
Trade active:
Yup it was the News. Trump and more Tariffs. Lets hope his twitter sets us back on the right path.
Comment:
Also jobs come out tomorrow. Expect a Rally. I am buying at open.