Chart is self Explanitory
lets see if we bounce here to support my 4 Hr chart
shorter time frame 618 retrace bounce look to go long here ...
Notes in chart Bullbiased chart
An even bigger way to draw NFLX fib low to hi and the Gap is showing right above the 618 retrace
Let's see if it's Bearish; if we break through this intersection then Bullish. That simple
The angles are very similar and the first half of the year wedge seems to be a good indicator for price movement. Will see how the year ends. It's been fun everyone!
If the bold pink line failes then we will see the bottom of the channel in the VIX and the SPY races to 280 area. If the Green line wins then you will see the SPY fall and VIX will be off to the races. The TTM Squeeze will determin if we are going to head higher or lower but we are fixing to make a moe either way If the TTM indicator starts heading above Zero...
I am in puts now but i have my stop out at 274.67 because the bulls could really take over here if this pattern playes out and will likely end the year at or near Jan Hi's
The intial plan failed to repeat itself at the 50% retrace; meaning it should have failed just above the channel; but it did not, so i held off on puts and here is my next try for puts
50% retrace lets see what it does once it gets to that point. I would think we fall once more and bounce around 261 possibly next week to start the "Santa Rally" in Decmeber
We have Fib, TTM Squeeze and we have some TA here for you. 1 thing we have is the squeeze long and short sequence. Next we have the 50% retrace level. lastly, we have the TA that lines us up. I am thinking we are headed for a short squeeze here and will push higher into the 50% retrace resistance. This all lines up with my nov 14 spy daily prediction that is...