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Gweilo
Sep 24, 2018 10:34 PM

SPY Fib Analysis 9-24-18 

SPDR S&P 500 ETF TRUSTArca

Description

We touched heavy fib resistance 3 days ago and have received 2 red days since.
Retracements plus projections.
I am projecting that this is a heavy resistance level.
If we can rally through this zone I expect to see prints near the 1.618 retracement level
of the first major pullback.
At these levels I am remaining delta #neutral.
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