andywallsq

andywallsq

$SPY & SPX on the gates of the Price & Volume Gap. Algos love to fill gaps. Gap-fill just on the lower highs TL looks scripted. Wednesday JP speaks, so probably on Monday final push up to 406-408, then chop. Squeeze or Dip will depend on J.Pow and jobs number on Friday

andywallsq

400 is a very important psychological level, so I won't be surprised by a bounce, also shorts have to cover. Just move fibs from Friday high to monday low to have a good retrace entry for puts, I like Fib 0.5 and 0.618 . Fib 0.618 also its previous support which could be new resistance, also price of control on the hourly

andywallsq

$SPY $417.39 Fib 0.5 and $420.33 Fib 0.618 on the table again, $420 last strong support now becomes resistance. $VIX having also some retrace should give room for continuation of Monday run.

andywallsq

$SPY Is in a broadening channel. Should test sub < $410 before making a bounce to the 0.382 ($417.08) & 0.5 ($419.47-$420) Fibs