SPY close analysis 9/28/2023
Yesterday's idea on with the 200 day ema prediction/DOL zone was definitely the right zone for a key interaction.
If oscillator momentum can keep up, I think we should be targeting a gap fill in the 430 zone today.
Momentum is down. If we're really going to bounce and long we should see some kind of bottoming pattern/interaction that provides us with confirmation of support.
In short:
If oscillator momentum can keep up, I think we should be targeting a gap fill in the 430 zone today.
Momentum is down. If we're really going to bounce and long we should see some kind of bottoming pattern/interaction that provides us with confirmation of support.
In short:
- Rallies are to be faded
- Approach pumps as scalps (day trade only)
- Bulls need a gap up or some other supportive action in order to have a sign of strength
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