bigrediska
Long

My forecast.

AMEX:SPY   SPDR S&P 500
64 7 0
I think that the last day of the year itself was the sole cause of falls. Someone had to close their positions on this day.
A new year has begun and this reason has disappeared. I think the pivot point and the basis of Bollinger will serve as a reliable support.
No definitive reversal candle after the last few days tumble unless we call today's 1/7 candle a harami ??. MACD suggests more down momentum but a reversal candle at the limits of the bollinger bands is often a good sign for a trade. IMO keep your powder dry until you get a confirmation in price tmmrw b/c this mkt is misleading at best.
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gap
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what about "fill up the gp?
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The question is which indicator has more power? I think Bollinger stronger than the gap. Therefore, I believe that the rise will continue.
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mdbutz bigrediska
i see it fill the gap.

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careful, I am thinking opposite, but maybe I am wrong, being careful here myself. Best of fortunes. :)
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I like that plan!
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