All in the video, it could be that the 18 daily ma acts as resistance today and we get to 4700 minimum. I'm cautiously bearish because of the movement on the Dollar (DXY) and explain that in the video - good luck!
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SPY will likely open up and fill it's gap.
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this is what it looks like for me right now. Pump into lunch and then drop is my thinking....
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they are pushing out shorts, but it looks like a C wave 4775 target.
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cash chart is clear 4770 area is target.
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they are over the resistance and the daily 18 - so it's bullish. Bears would need to see the high hold back the advance and sell from around here for a leg down, but right now it looks much better for the bulls.
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Good morning, so yesterday's call was wrong but it looks right now like we're completing a C wave.
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the overall structure right now looks like this to me. in other words, more sideways.
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SPY
potential structure. The bear divergences usually play out.
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