I will go short if we reject at around 520-521
Spy is out of its channel range and will try to reclaim it today.
If we break above it and retest it, then its a short term long.
If rejected and stays below 520-521 then its bearish to 516, 512, 490
the correction to 490 will come, just don't know when.
Spy is out of its channel range and will try to reclaim it today.
If we break above it and retest it, then its a short term long.
If rejected and stays below 520-521 then its bearish to 516, 512, 490
the correction to 490 will come, just don't know when.
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playing long, but 508 is the level I am watching for possible short
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idea played out nicely, I didn't take position as don't like gambling with earnings. we now have a major gap that needs to be filled.
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if not then we drop to 489 and bounce to 501.