SPY close analysis 9/28/2023

Yesterday's idea on with the 200 day ema prediction/DOL zone was definitely the right zone for a key interaction.

If oscillator momentum can keep up, I think we should be targeting a gap fill in the 430 zone today.

Momentum is down. If we're really going to bounce and long we should see some kind of bottoming pattern/interaction that provides us with confirmation of support.

In short:

• Rallies are to be faded
  
• Approach pumps as scalps (day trade only)
  
• Bulls need a gap up or some other supportive action in order to have a sign of strength