S&P 500 ETF (SPY) ~ December 4H Swing

٤ ديسمبر ٢٠٢٣

SPY chart analysis/mapping.

Spy ETF strong rally throughout November - is it due for a pullback in December?

Trading scenarios:

• Continuation rally #1 = gap fill / ascending trend-line (white) confluence zone.
  
• Shallow pullback #1 = descending trend-line (light blue) / 78.6% Fib confluence zone.
  
• Shallow pullback #2 = Golden Pocket / descending trend-line (white) / 200MA confluence zone.
  
• Deeper pullback #1 = ascending trend-line (light blue) / 50& Fib / gap fill confluence zone.
  
• Capitulation #1 = multiple gap fills / 38.2% Fib confluence zone.