Intermediate bias to the downside on SPY
This week the SPY broke out of the symmetrical triangle then filled the gap we called out at 201.62 and retraced 100% of the previous swing.
The intermediate bias is now to the downside and there are numerous downside targets -
The intermediate bias is now to the downside and there are numerous downside targets -
- Gap fill @ 196.16
Fib target @ 192.02
Gap fill @ 190.30
Gap fill @ 186.27
Fib target @ 178.53
Gap fill @ 177.48
Gap fill @ 173.22
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