adtrade1

adtrade1

I currently think we are at a serious inflection point that we need to watch out for. If we break below this 4425-4400 area, then I think we may see a bigger sell-off take place. I do expect to see some volatility coming into early next week and wouldn't be surprised to see a bounce higher or a continuation lower. My current stance on the market is slightly...

adtrade1

I still believe that this uptrend is still intact and has not broken any significant structure/levels. I'm expecting a bounce sometime this week off of the 4,450 - 4,425 area. If history repeats, we should have no problem continuing up to new highs.

adtrade1

I believe that the spy is entering into a consolidation phase which will result in the market either making new all-times highs or retracing lower. My levels/targets for the next up or down move are posted on the chart.