This is my trading map for the next few days. I'm not calling a top; however, we can expect a loss of momentum due to the confluence of some strong resistance areas. The major pivot areas mostly coincide with the Fibonacci contour.
Kommentera:
The "Stretch" for SPY for today is 0.30. Looking at the opening range. There's nothing to do.
Kommentera:
I don't want to guess anything. I don't want to go long from here - we're too far from the "base" which was at around 229.
Kommentera:
This could be the high of the day around here.
Kommentera:
For today's updates pls reference the new chart I posted today.
Kommentera:
Kommentera:
If SPX is rejected at the blue line, it should be a pretty low risk short opportunity. Watching.
