Very interesting. Gaps to fill below, but still need another wave up. Have been very quite for past week or two, up and down within 5% range. Probably need a few days to figure out next big move. Ideally, early next week will be the time. Stay still.
just not good-looking overall next week, if continue this trend, gap down will be filled soon
this coming Friday, and next week will be a crucial moment for SPY seems like a new direction is about to be seen So, for this time, I will join the air-force again
just want to share some thoughts here, welcome to comment
In my best possible scenario-- average buy price for smart money +33=35.5 -safe range -- nearly 15 days consolidation since 9/22, and the chart still on support seems like this is a story planned ahead of time
SPY, QQQ, IWM had been struggled for a week. Perhaps, its time to take a breath? based on all thses facts, I am more willing to join the air force. Plus, a huge amount of VXX calls and SPY weekly puts loaded for next week, just something to notice.
QQQ starts topping here, not a good sign of pushing up. buy some puts this time.
In 1h chart, SPY is showing some negative divergence here. Price is higher and higher, but momentum is getting lower. Another indicator shows us that SPY is at a super overbought area even though its bullish, a pullback should be necessary. 206-206.50 might be a great target for now.