SPY 7/15 FIBONACCI
Bull algorithm went crazy today some say dead cat bounce other say short squeeze I say trade what’s in front of you. The only thing I believe is we stay in the 371 to 386 range until we hit the fed meeting FOMC will then change the direction of the market. The added bars in the chart are just fillers. The .50% .618% .782% are the pull back plays, pull from the low to high or high to low witch ever way the trend is going. Keep moving as we make new highs leave the anchor the bottom, flip it if we go low keep the anchor at the high and move as we make new lows then wait for the golden zone pullbacks to get cheaper premiums. Use the 3 minute then switch to the 5 minute chart. Wait for 30 minutes to establish a low or high. As always trade what’s in front of you have a good lotto Friday and weekend
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