Understand why 260 was the simplest and easiest Entry for SPY

This is known as ABC pattern:

The distance between A-B was roughly $20
Then you subtract that 20 from B, and that would give you your next entry AKA 260.

Therefore, at 260 was a technical cover and low risk long entry. Hence, we have this nice little rally, since this downward motion was strong and aggressive.

However, this also means that whatever we have now is sure as hell is not an entry for a long.

Expect the 2000 pattern to follow though as expected or in a similar fashion.
It appears we have reached peak EPS for most stocks, but obviously market will do what market does best, siphon money from sheeps, 401ks and retirement funds.

Study, bear markets and how they behave, because for bull to resume a globale miracle is required.

Good luck everyone ;)

**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support

~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/

If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!

Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!

Thank you,
Ajion