AMEX:SPY   SPDR S&P 500 ETF TRUST
Just posting an update. Keep an eye out for that 61.8 at 429.82 however if we go further, watching these the two fibs above orange wave 3 just in case. I tend to day trade around these higher/lower area's around targets and reduce swings towards the targets unless very small position sizes.

Will be keeping an eye out for 420 puts when we get close to a reversal pattern on 15 min/ 30 min/ 1 hr chart. like to see all 3 show the sign and take a starter position and add as each level breaks down.

I personally will be looking at 420p 8/19, 8/26, 9/2 however this is my own thoughts and not financial advice.

Area's i'm keeping an eye on:

Upside: 429.82, 430.27, 432, 435, 436.95

Downside: 428, 427, 425, 423, 421/420

Good Luck Traders!

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