Is $MGM creeping up on a little Bull Run? Looks like a small up-trend brewing. It's def moved well above the the 30-50 mark line.
Started noticing a wedge forming little while ago. I like to wait and see where that wedge will break to, call or put side. Who has thoughts on this?
Earlier this week I mention how if SPY breaks $280 it will most likely touch $285, before we see a possible pullback. If SPY continues this down trend we saw today; being it's already tested and broke the support line @ $276. If it does not bounce back over that $276 humps, we will most likely see a very harsh pullback and possible spiral back to or below the Lows...
I'm thinking we may see the Bear open his eyes a little this week. Some are disagreeing with this sentiment; please share your thoughts and opinions.