yohtza

yohtza

SPY has been trending higher since late last year, making higher highs and higher lows. The bears that sold below last two weeks of July were able to make a scalp signaling the beginning of the two sided trading that will likely follow. This week (Sep 18th - 22nd) marks the first close below the exponential moving average in almost 30 bars. Bears are hoping next...

yohtza

After very strong selloff, bears failed to close a daily bar below june low so far. Bulls stepped in after seeing this as well as bears took profits from shorts. Expecting a test of daily 20ema and for bulls to fail there before we test the lows again and then decide on what's next.

yohtza

Bulls managed to close the 24. Feb gap which means that the bear trend is weaker than it looked. There is another gap at 18. Apr which I expect a test of. Confluence is measured move and a harmonic shark at that level. Daily close below 4095 would invalidate this idea.

yohtza

If we manage to break above feb 24. low, some interesting sharks are above.

yohtza

Some targets based on measured moves in case we keep falling