Short

SPY- Past Ideas are Future Profit

Updated

Just a repost of my final chart from my previous analysis, seemed relevant.
+ please click the attached analysis from last week for more details.

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Almost appears to be a backtest on Q's

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Were dancing that Fine line of finding the path of least resistance. On small TF, We are at the short term deciding point up or down from this level right here. Wait for the Direction to show itself

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Bear Flag Potential

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Q's Show a nice Bear Flag, Breakdown At break of flag

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We broke down from flags, but not impulsively. Sign of supportive buying

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Still can go Either way, Just keep an eye on the ball

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Potential Top to this pullback, High spike for top followed by decreasing volume. Once the selling resumes, there is no exact predicting how far we will go down, but this is my estimate of what could happen if this is a local pullback top.

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The original chart had predicted the bounce to reach up to 290, but It is looking a little weak here already, so we will see if we make it or not.

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The last Idea is Still current. I am expecting short term strength, up until the close, but in the last 10 min of close, I expect to see strong selling.

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So watch out for a bull trap near close, or the selling could start from right here. Decent Short opp, But first watch for a local blow off top/bull trap

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Just trying to go up, but really struggeling, I think that institunal order flow is making it hard for this thing to get any higher, This could be it for upside already.. Green circle potential target if we have a strong close, RED box is backtest of more historic Support (now resistance). Not saying we hit these targets, but watch out for them. Im 80% sure we dont make either target today, but we will see how we close... Im 80% that we have topped already.

PipMiesterStronger

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