All in the video. Expect a bounce soon from the 18/10ma support. After Powell we should get more selling to 3900 area (18 and 10ma weekly support). I think gradually we'll make our way down to test the 200ma again (around 3700) and then bounce for January. Selling rallies at this point I think is the plan, unless they close over the high of today, then something very bullish is happening. Good luck!
Commento:
this what I think is happening with SPY
Commento:
seeing this structure on futures, watch out for one more whipsaw tomorrow.
Commento:
SPY chart has a nice channel to watch. I expect a bounce up after Powel, not sure how high but something like this makes sense. If they get over the high of yesterday it may be a final wave 5 of an ending diagonal. Probably another another crazy day with options expiry coming on Friday.
Commento:
potential bear flag on spy, just a warning for now - with FOMC it could get foiled or play out quickly - not sure which one.
Commento:
Still expecting a final push up, could be a lot more than this if I'm wrong.
