I would buy ACB between 7.15-7.00. I would exit my position if 6.81 breaks. Odds favor bulls holding 6.81 on the first try unless Spy is consolidating on the weekly which it has not done yet in 2019 so odds favor Spy weakness for a few days sooner than later. I would exit some aground $8 and the rest before $12.
I have Spy finishing an impulsive 5 waves up fro Dec 24 to Feb 6. We are now in consolidation mode. I am looking for a daily head and shoulder pattern to play out as a zigzag. I have us about to complete wave 2 of the zigzag with this wave being an expanded flat and eyeing the 1.618 for the end of C. Great put opportunity if I see price topping out around the 1.618.
