stinkbug

SPY Channel - Now back inside

stinkbug 업데이트됨   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Kind of a play on my SPX channel, but SPY channel seems more clear. We are now inside the channel and its the top of it is now acting as resistance. Maybe we will ride along this channel for a while.

I think we go down and test the mid range at least.
코멘트:
Love TD sequential, showing on 15 min 9-13-9 exhaustion and right at top of channel...usually means some sort of correction but we will see.
코멘트:
코멘트:
Triangle with red 8 and potentially red 9 at the bottom, we should see 1-4 candle rebound and the big question is will that take it to the top and then blow out the top of the triangle or will it come back down and breakdown.
코멘트:
코멘트:
Made a mistake on commentary, to get red 9 we would of had to drop out of the triangle. So i think we get a price flip to 1 and see if it keeps going higher for green 2. But the triangle top is going to be critical.
코멘트:
Triangle working out pretty good...lets see if it moves up to top.

코멘트:
Well that worked out pretty good..

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