Soy will start to go back up in the next few days… I just started using Heishi Ashi as my chart type or chart style and I really like it. It adds another aspect to help cut out the market noise and helps to show you the trend direction of the market a little better. I am just starting to learn more about Heishi Ashi.
I suspect the market will start to go up in the next few days as some of the indicators I use such as the MacD, Stoch RSI, and DMI are looking like they will start indicating a move up. Also, if you look at the last few months, the market tends to go back up at the beginning of the month after a short pullback.
I will enter the market after there are 2 days of green Heishi Ashi chart bars.
I suspect the SPY will reach 567 by Aug 16-21 as those are the days of the months where the market tops out then starts to retract for a few days.
2 of the last 3 months the SPY moved up about 30 points with each move which is why I choose 567 as a target point.
