ugly waves but can see the pattern throgh it. good chance of going down to 11600 by tomorrow.
but RISKY. why?
1- this week is option expieries of the month so huge volatility expected.
2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3...
I am still short on SPY at least till bib 78% which is the resistance line as well. if we brake the resistance line then going to test fib 61.8%
chart is clear with fibs, channels, fib replacements, MA50, HMA143