Today was interesting day since a few things have triggered: โ . Yesterday we gapped up โ . Today we closed at a 10d low โ . Today we closed under 200MA โ . Today we closed at 25% of the Daily Close Range (shame) ๐ฆ. Some additional technical magic filters
We tested the times this has happened...since 1993๐ !
We saw a relatively bullish move. The 2DAY move on the spy has been bullish nearly 83% of time๐ข . This type of setup has occurred 1๏ธโฃ8๏ธโฃx! Average move up has been about 3% over a 2day period, which is positive๐ข .
However, if we do not observe strong bounce, probabilities stack strongly to the downside, so observe and evaluate ๐ด .
However, as our members hear me repeat over and over again patience is the name of the game! Trade safe