SPY has recently overshoot it's long term trend channel from the top.
Usually, such overshoots on one end lead to major overshoots of a trend line on the other end.
I bet that trend line won't hold well this time and the unclosed gap at 154 might act as a good magnet here.
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Usually, such overshoots on one end lead to major overshoots of a trend line on the other end.
I bet that trend line won't hold well this time and the unclosed gap at 154 might act as a good magnet here.
Track this and other predictions with Market Druids on Facebook (or MarketDruids.com), make your own predictions and track them and your stats against others!