I've drawn the channel as if it completed on Friday, but it's interpretive and we can certainly make one more high today or tomorrow near 4k. Getting under 3870 and we'll be under the pitchfork fib support, in that case any test of 3890-3900 is a solid short opportunity with a tight stop. They held the pitchfork fib overnight, so the market is aware of it as an important level to hold if we are to rally further. Nothing is decided yet. Good luck!
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SPY hasn't reached it's weekly 18ma at 390.19 yet. If they pump the open, I may try a short there. Good luck all
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under and then rejected at pitchfork Fib. It's a sell signal for me, they shouldn't get back over 3915
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spx cash also backtesting pitchfork fib here.
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looks like a mini channel, they haven't given up the fib line just yet.
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possible false breakout, the fib still holds - so far
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possible leading diagonal with ABC complete, if true then it shouldn't get over the last high. No idea if this is correct.
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doji candle on spy, they closed it under the pitchfork fib, doesn't really mean anything just yet.
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this pitchfork fib has been tough resistance for SPY at each peak since august. Also we're having daily hidden bear divergence from the previous peak
