SPY EVERYTHING GREEN
With the Chinese market crashing last night we had the market acting like nothing is happening VIX green market green. Strange times we’re in be careful out there. I’m still bullish this week no fed talk so when the cat is gone the mice will play run it turbo. The raising wedge is back in play looking to breakout to the upside we have 1 close above the trend line if we close above it again tomorrow I believe we will be in the 380s by Wednesday. Biggest thing holding down price is foreigners selling every move higher believe me I feel weird being bullish right now but the short squeeze can happen any moment. When we have a 100% retracement on the fibs it tends to go to 1.272 for the 2nd extension if we start getting in the mid 380s I will start taking a short position. Tomorrow we have the consumer confidence data coming out pre-market that action will tell a lot for the day.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
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