SPY moment
At this moment I don’t have clear bias for market direction. Until SPY is above daily 200sma market will hold, but I still think that daily previous high is important for triangle pattern what we can see on the chart. Right now, I see indecision inside of that triangle possibility and we will see what will be broken first, upside resistance line and previous high or downside support line and 200sma support area. You can see long and short ideas in watch list with explanations but also, we must know that market action can change everything very fast and because of that caution is important with patience and watching open action. It is always good to compare individual action with market because we always like to be in stronger stock if market is strong and of course ion weaker stock then market if market is weak. Because of that is important to compare action with market.
tinyurl.com/ybfqnsp3
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