$SPY Stop Chasing ... Might close red! (BEARISH!)
Good news from HONG-KONG, BREXIT AND "TALKS" all in 48 hrs... Sheesshh
Nothing has changed here, only stop chasing and a bull trap IMO. SPY still trying to back-test the RED wedge line and waiting on QQQ to see when that breaks.
Once again, not trying to time the market, only trying to determine the next likely direction. I still believe all this is simply fluff, especially on credit market, and that we're heading lower.
*** Let's talk about it... ***
Nothing has changed here, only stop chasing and a bull trap IMO. SPY still trying to back-test the RED wedge line and waiting on QQQ to see when that breaks.
Once again, not trying to time the market, only trying to determine the next likely direction. I still believe all this is simply fluff, especially on credit market, and that we're heading lower.
*** Let's talk about it... ***
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