McGuireTO

Market resistances are clear on every time frame

AMEX:XLF   SELECT SECTOR SPDR TRUST AMEX FINANCIAL SELECT INDEX USD DIS
SPY closed at the low of the week with only the low of October 259.85 as support, and we are likely to test that level first thing next week. It's clear the MA20 on every timeframe is important for SPY , and both the tech and financial sectors and this has been rejecting every bounce attempt on every timeframe so far.

Bears have the momentum on every timeframe; we're watching for changes of 4 hour trends and until then, the bulls are proving nothing to us
very good video i tend to agree with u. will be buying puts on monday
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