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SLOPolarBear

Watch for another double-bottom in the next two days

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
SLOPolarBear Uppdaterad   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Trend Analysis Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) ES es! VIX CBOE Volatility Index
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chartpattern trendanalysis indicator spx spx500 spy es es! vix
Sellers are backing off slowly. They could easily ramp up again tomorrow - volume for the first day of the week is consistent with the last two weeks. I'm expecting more red to follow. Considering opening a long position here if the signals are strong and we get a nice bounce. If price action lingers at that double-bottom watch for a quick break below. Everything I see suggests some strong ranging action over the next few days.
Kommentera:
Ranging! I'm sidelined with cash until we get a break in one direction or another.
Kommentera:
Waiting patiently for a pattern to emerge:
snapshot
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