The open of Monday will tell a lot. We have a Harami created today, if we open up lower and confirm reversal, we should watch 249 carefully. If we break the downtrend, it could signal the end of our current bear market. Overall, I am bullish. #Bullish #StockCharts #SPY #StockMarket
Watch 249, 260(50% retracement) carefully. 249 could indicate Cup&Handle forming or continued falling.
Watch 249, 260(50% retracement) carefully, could form cup&handle or be indicator of continued dropping
Expecting to visit 175 soon(tomorrow?). If that breaks.. watch out.
Daily chart. Clear downtrend break, bounce off of 0.764 fib & Dec lows.
Hit the 0.74 fib perfectly and bounced. Bear trap complete.