AMEX:SPY   SPDR S&P 500 ETF TRUST
Looking for an area where Spy finds resistance from the bullish trend it has been on. Targeting 412-420 (top blue box) which are the extended 1.2 to 1.6 fib levels from the 384 low. Also have a fibonacci cluster on the time axis for April 16th fib time zone phase 2 has lined up perfectly with the 100% marker of the fib trend time zone indicator (the darker green color going into the blue is the 100% marker). Sometime next week between April 15-17 I would like to see some resistance and will be paying attention to structure for a possible low being made then a lower high to enter a short on this etf long term PA target is 375-378.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.