ContraryTrader

Spy intra

Short
ContraryTrader Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Rising wedge here... probably pullback to retest 390 by Tuesday or Wed

Gravestone DOjI / Hangman on Dow Jones daily.

Careful, this went up on no volume (Not sustainable)
Comment:
DEMS keep control of the senate.. wouldn't be surprised if the FINANCIAL MEDIA blame any pullback on Monday on Republicans not pulling off a red wave
Comment:
Just wanted to add some levels..
And targets for the Intra day scalpers.


397
394
390

It's been bouncing off that 397 all morning.

Overhead resistance is 400$ then 401 200ema...

With that being said
Stop loss 402..
Comment:
Walmart and HD have earnings tomorrow.. if they do well we will pop to 402. If they tank it will start the pullback that should've started today.

Kinda had that feeling things would get fishy when QQQ bounced off 284, if you follow my post, you'll know how important that level is for Tech. Also if you follow my post you'll know that the vix has some resistance around 24 area and after the opener it fizzled out.


There is still bearish Divergence on the 1hour. FOMC Williams speak tonight at 6:30 and Earnings tomorrow will determine if we open at 397 or 402

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