SPX whipsaw day
Updated
They foiled the head and shoulders topping pattern which is usually bullish, but I have a feeling it will be a whipsaw kind of day. Futures should find resistance at around 4k in the morning session and then another test of 3900 next week to take out stops (yellow arrow). A bigger sell off would likely get us back down to 3800 by Thanksgiving (red arrow). I don't think the rally today will continue past the previous high of 4050 - as of now.
Good luck!
Good luck!
Comment
on SPY if the red path is taken we may fill the gap by next Friday, improbable but possible. Would have to be a news event to trigger such selling during a holiday week. Comment
put/call back down to .73 yesterdayComment
expecting a short covering open. Comment
B wave (if that's what it is), may be done. We're now at the lower support again. Price getting above today's morning high would invalidate this idea. Comment
spy filled it's gap, bulls don't want to see that level taken out now that buyers stepped in. Comment
AAPl structure looks complete as of now. Comment
SPX broke under support and retested it, maybe more selling from here Comment
hanging man candle on the day for spy Comment
doji on SPY weekly 
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