I'm predicting a decently red day tomorrow to close the week. Weekly candles are showing a bit of resistance near the highs, the 1hr RSI is showing that a breakout above or below should be coming soon as price movement/volatility is tightening. Also, the 1hr MACD is turning down like we've seen on the other times. Daily is slowing down like it is trying to round. I mainly think this is due because of the weekly candle and think the bears will come out to play.
Commento:
Thinking we get a gap down tomorrow, that may be eaten up and end up around where we are now ~5140
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Looks like we got a lot of the move today, I expect more tomorrow
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Expect it to wedge the rest of today, then break below tomorrow
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May not come until next week... Looks like it wants to hold the channel, may gap on Monday
Commento:
Looks like we got what was expected! SPY currently down 0.73%