Spiderbite
Community MemberTracks posted an update 2 years ago
SPY spent the last two days of last week pulling back up after hitting new lows. Based on fib retracement, the 439 area is idea for it to reject and make a new leg down. It hit that area Friday afternoon, and we are gapping down this morning, however I’m cautious about this movement for now. Today is the end of the month, and that may come…
Tracks posted an update 2 years ago
Folks, the word today is caution. Things could be very volatile today and there is no shame in sitting out if you don’t feel comfortable. Certainly do not force trades today. Overall trend for SPY is obviously still bearish, but anything could happen after this tremendous dip. I’ll once again be watching secondary and mid level timeframes…
htrader724 posted an update 2 years ago
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