$spy updated chart
-long term time frame is showing defined uptrend with stagnant trend strength. Looking at oscillators for clues
-intermediate term time frame is showing defined uptrend and strong breakout out of resistance area of 242.2x
-int. term time frame showing price action getting extended and breaking minor upward trend line coinciding with rsi bearish divergence and macd crossing downward
-looking for a short-term pullback for consolidation and continuation on uptrend
-looking for price to pullback to 1st target 243.47 which is the .236 retracement level on the shorter time frame and 242.92 which shows there is a minor support area
and maybe possibly pullback into 242.2x area
-looking for a quick downside play for an option trade
-intermediate term time frame is showing defined uptrend and strong breakout out of resistance area of 242.2x
-int. term time frame showing price action getting extended and breaking minor upward trend line coinciding with rsi bearish divergence and macd crossing downward
-looking for a short-term pullback for consolidation and continuation on uptrend
-looking for price to pullback to 1st target 243.47 which is the .236 retracement level on the shorter time frame and 242.92 which shows there is a minor support area
and maybe possibly pullback into 242.2x area
-looking for a quick downside play for an option trade
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