According to this matrix, NJ is bearish. At the break of the support level indicated with a blue array.. it will melt to the respective TPs.
Monthly outlook is screaming bloody days a head.. Price has to close above 462 to invalidate this possibility. .. Time to rotate stocks.. SPY tested a strong support level at 454.00 leaving 458 as the next resistance to break and then 462.00 We have to wait and see if it holds this level (455-454), if it breaks through 450 psychological support level will be...
Watch the buy and sell zones.. Blue = buy Yellow = Sell Green = Take profit Red = Stop loss
This paid off pretty good.. follow for more ideas...
SPY Mark Up I am calling it a night.. Here is what I am looking for tomorrow. 1. Consolidation at current levels and a break out back to 394. 2. Continuation of a sell off to 385.50 - 386 area. And then we bounce off that area to 394. 3. A clean break of 385.50 to the downside will mean a drop to 381.74 ... If this happens, hide your babies and grand babies.....