SPY bounces after 60% or 100% retracement level
Updated
SPY might bounce after these two retracement level. My bet is on 60% after market opens Jan 3rd. Be ware of wash and rinse and the market might overshoot the 60% level to run the stops then bounces.
Happy new year!!!
Happy new year!!!
Note
haha it didn't wash and rinse at all. gap open and bounced my short vix position returned 20%+. a nice start of a year!
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