It's bullish but a pullback looks possible and I tried to point out some levels. See the bearish engulfing on 1 hr. Is it a big deal? Probably not, but days consist of hours and hours consist of minutes and minutes fly.
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There's always a composite fib grid (created by the majority of the operators). There are always variations. If my lines are at the pivots I'm happy. The composite opinion is the target here for me. If it doesn't click then I'm missing something.
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So after looking at the charts today I'm thinking that 250 SPY is very likely. Will we get a p/b next week? Well, it looks plausible at this time. I'm not betting any large amounts at these levels as it's hard get a firm point of reference. It's the best not to assume anything.
