retrace last week, do the candles provide any guidance for this week?.....................
SPY
6 mth daily
8 ema
still in the box .......top end $263ish . A break above this? could easily run $275-280. Bottom end of the box : $244ish . Friday it tested this , last 10 min of trading day she held and rallied. A break below? target is the gap at $230 which I alluded to in a previous post.
inside candles for BOTH Friday and Thursday--a move can be significant in either direction . BELOW the 8 ema, NOT GOOD..................... the market needs to make a call.........does she continue to play inside the box this week?
popcorn-eatinggif
16th and 17th at Cabot links
SPY
6 mth daily
8 ema
still in the box .......top end $263ish . A break above this? could easily run $275-280. Bottom end of the box : $244ish . Friday it tested this , last 10 min of trading day she held and rallied. A break below? target is the gap at $230 which I alluded to in a previous post.
inside candles for BOTH Friday and Thursday--a move can be significant in either direction . BELOW the 8 ema, NOT GOOD..................... the market needs to make a call.........does she continue to play inside the box this week?
popcorn-eatinggif
16th and 17th at Cabot links