This is what I'm expecting. Watching all 3 trendlines today - lower red for buyzone (expect a spike through), over the Blue to confirm bounce, and upper Green would be short term long target. If they bounce and ultimately can't get above the upper Green trendline, the market could start consolidating there and break up later or - consolidate there and break down. Ultimately, below the Red trendline on a daily close for me would be a stone cold short.
Good luck!
Good luck!
Kommentera:
Kommentera:
there's the overshoot, now likely rejection
Kommentera:
alternate blue trendline may be the buy area
Kommentera:
close,
Kommentera:
last wave down should happen into the close. If I'm wrong, they will get it over 3674 by close
Kommentera:
another structure to watch, above 3680 nd it may become support
Kommentera:
denied, lower into tomorrow unless they get over and hold 3680
Kommentera:
futures were a mess, over 3720 and it probably gains some traction, otherwise another low is still possible here.
Kommentera:
failed breakout, likely lower for the day
Kommentera:
DXY not done rallying yet
Kommentera:
same line different hour.
Kommentera:
Dollar - another breakout - relentless
Kommentera:
not much more to go on SPY, should bounce late today or tomorrow.
