SPY Falling Wedge
Here's a shorter term chart and some potential paths for tomorrow. Nice little falling wedge/triangle. A break above should lead to a move back up to $591.30 and $595-$596 and maybe even up to the $600-$601 area.
Downside targets would be $585 and the election gap fill. I'd consider it bullish above $591 and $596. Bearish below $585.
Downside targets would be $585 and the election gap fill. I'd consider it bullish above $591 and $596. Bearish below $585.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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