at
Short

SPY(4h) - finally wedge plays out

at  
BATS:SPY   SPDR S&P 500 ETF
2060 1 1

Got tired of waiting for it to play out, open below May support and below the 0.236 fib level is a good sign of a decent bear. We have some support here and SPX             daily bounced of MA(50) so we could see some hesitation. But I'm biased for some more downside, 0.618 fib is my idea target here, we'll find out soon.

Measured move target was too darn accurate on this no volume move up, time for some give back!
Goes as planned so far and market internals were very weak today even as is McClellan Oscillator reads extreme oversold at -99.63 (that's a very low read with a +90% chance of a bounce tomorrow) 164 is support here (5/24 low). Should be interesting tomorrow, preserve capital
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out