I was wrong about a bounce here - they tricked me after open.
Next week 372 looks doable, maybe Monday depending on futures action. I believe that's the buy zone, although it could spike down lower into the 360's for sure if the panic is real.
Note the larger initial head and shoulders on SPY. That HS target is in the same area as the current bear flag target.
After we should have a June bounce and probably quite hard.
Next week 372 looks doable, maybe Monday depending on futures action. I believe that's the buy zone, although it could spike down lower into the 360's for sure if the panic is real.
Note the larger initial head and shoulders on SPY. That HS target is in the same area as the current bear flag target.
After we should have a June bounce and probably quite hard.
