Platinum PartnerTracks
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martin_ddc and
Tracks are now connected 2 years agoTracks posted an update 2 years ago
So far, SPY has not been able to break above the resistance discussed yesterday. The 4H chart is now trying to start a bear cycle, and moving below 452.80 would help drive that. Next support is at 446.80. This could be the start of the next leg down that we are anticipating. That will remain the plan unless SPY pass through resistance…
Dhruv Patel and
Tracks are now connected 2 years agoTracks posted an update 2 years ago
After recycling those mid timeframes yesterday, SPY has run up to the next set of targets. It is now in the 61.8% retrace area of the big move down, which is ideal to start the next bearish leg. Because of this, I’ll be watching this zone intently, to see how the market moves from here. The first signs of bearish activity would be a drop…
Tracks posted an update 2 years ago
SPY showing sings it could continue up this week, with a 4H bullish cycle in play and a Daily cycle trying to start. However it is also hitting some resistance as well as the daily 200SMA. I’ll feel much more bullish if SPY can get above 444. From there, the next targets would be 449 and 456. If it can’t break that 444 level, it could…
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