play4trade

$SPY May be time to head higher to test SL!!

AMEX:SPY   SPDR S&P 500 ETF TRUST
95 views
2
95 0
$SPY... Momo to the downside is slowing down on lower time frame; however, it looks a lot worse on the 4hour and even daily. But don't forget big picture... BULLISH MOMO is BIG TIME in control. I do think we will test 199.50-200 then head down lower to finish testing 196 area... Looking for 197.70-80 as STRONG support for bounce and possibly head to 199.50-200 by end of week. Time will tell! Shorting this momentum is DANGEROUS!!!!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out