Night_Trader
Short

Large AB=CD pattern in the SPY weekly chart.

BATS:SPY   SPDR S&P 500 ETF
646 9 4
Large AB=CD pattern in the SPY             weekly chart. It is corresponding with prices reach the top of a bull channel . This could be the place for the market to turn around and retrace for a time.
Maybe we go some more point up, but I think a correction is very close.
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Nice chart! I think we hit your target before expected date.
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There is also a PRZ at $182. It is an all time AB=CD completion, as well as a Bearish butterfly which you have outlined here. That would be the first area I would look for price to react in. Happy trading.
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Night_Trader climbing_stars
Yeah could be ! Let us see what happens! It is after all just a trade.
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climbing_stars Night_Trader
Very true.
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incredible bull run. no end in sight.
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Night_Trader ForexWhale
Perhaps right, but that is the problem with counter trend trading: you have to step in front of the train in oder to get a good R/R ratio.
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Watch for $155 support and if it breaks then next support will be around $140.
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