So Many Lines Crossing SPY
Updated
Trend lines are converging as expected; however, even though we clearly should be heading down, perhaps to the 360 area (at least), there is still a chance, and a significant one at that, that we melt on up to the high 380s.
With that in mind, all indicators are saying down right now, and RSI daily is trending down hitting lower highs.
If we do see a break out up, it would be because of stimulus news or simply one last bull trap to conquer them all.
I am still waiting safely on the sidelines to see the break, and make the appropriate swing entry from there.
With that in mind, all indicators are saying down right now, and RSI daily is trending down hitting lower highs.
If we do see a break out up, it would be because of stimulus news or simply one last bull trap to conquer them all.
I am still waiting safely on the sidelines to see the break, and make the appropriate swing entry from there.
Note
also, this feels like a perfect time for big money people to swoop in and pump this up for the eventual dumping...the best thing that could happen for everyone's sake we be sub 360 right now
The prediction is in...
= FIB
= FIB
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