SPY forming a bearish rising wedge here on a larger time frame after strong buy side pressure has brought the index to all time highs.
We have left a gap below us around 5640 and we may see this fill in the near future.
Currently I see strong support below us at the CC golden pocket retracement zone at the daily 5400 zone. This correction may occur as market participants de-risk moving into elections.
I would welcome a nice pullback of 6% - 7% to this zone and add to my positions.
To me, this may be the last local pullback before a big rally post election.
We have left a gap below us around 5640 and we may see this fill in the near future.
Currently I see strong support below us at the CC golden pocket retracement zone at the daily 5400 zone. This correction may occur as market participants de-risk moving into elections.
I would welcome a nice pullback of 6% - 7% to this zone and add to my positions.
To me, this may be the last local pullback before a big rally post election.
Note
Side Note, I would not be surprised if we get a gap fill bounce , however it would be really nice if this wedge broke down slightly further into the CC zone before the pump. Note
Here we go, still looking for this gap zone, if we lose the zone then I will look at my lower targets 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.