As of 8.30am, SPY is acting as a bull flag from Fridays spike.
It has retraced in pre-market to fib .38, could go lower to .5 and it would be still intact.
If it holds that zone with proper re test, its long for me
If it goes lower then .05 fib then its a short for me.
If you like my idea, please follow
Thank you
It has retraced in pre-market to fib .38, could go lower to .5 and it would be still intact.
If it holds that zone with proper re test, its long for me
If it goes lower then .05 fib then its a short for me.
If you like my idea, please follow
Thank you
Yorum:
VIX is showing strength this morning. Could this be a sign for todays price action ?