SPY Analysis
Rising Wedge + Loss of Bullish Momentum + Divergence + Dynamic Support + PivotPoint + Rising Window
The chart is telling us we should see a pullback to one of these 3 Bounce Levels, 297.87 (4hr Dynamic Support), 294.74 (PivotPoint), or 298.21 (Monthly S/R Level). Long Wick rejections of the PivotPoint, 50EMA, 14EMA and Support will give best Long entry inside the red circle.
The chart is telling us we should see a pullback to one of these 3 Bounce Levels, 297.87 (4hr Dynamic Support), 294.74 (PivotPoint), or 298.21 (Monthly S/R Level). Long Wick rejections of the PivotPoint, 50EMA, 14EMA and Support will give best Long entry inside the red circle.
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