getting slammed the flag is at work pull back is necessary for move to $12
close to MA 100 on Support getting rejected 30-80 pips target
Major Support HEAD and SHOULDER pin bar
one of the best pattern to trade 95% success rate
we have left shoulder we have the head we have the neck now if we stay above $2 we will have right shoulder the possible zone is Fib levels
Spy Failed to create a new high Divergence pin bar 11 bull candle possible SHS (left shoulder and Head is complete we need right Shoulder STOCH O/B MACD (doesn't show here) but it shows MAs crossed. Bearish either to fib level on hourly chart or lower band of daily channel
SPY pin bar on upper band of weekly channel with over bought condition on all time frames price will have a good opp. to move to 273-274
until we break that last high we are in consolidation zone. sell at high buy at low. until we create a new high or new low there is NO bulls there is no Bears
SPY multi shs is sign of more bearish market than bullish in longer term trading.
Not bullish yet unemployment news did NOT make that much of bang in premarket but we have a price action that backs up bull market. still remember it is Friday Holiday Week and premarket Volatility (which is not much
SPY Round bottom possible move up and Pin bar MA100
way off MA 20 way O/S history shows this level is very sensitive and been a rejection point