Here we have the really important parts of the SPY.
The touchdown (twice) at the Big CL (fat frey) is a great indication that we are going potentially higher.
The black resistance where we are now, is also a CL from High-Low extremes.
The orange sliding is the Shift in frequency and can be used as a confirmation too, for either long or short.
The Trend Barrier is a very important zone.
If SPY can break this one very hard, then the we have a chance to continue higher.
BUT - if SPY is failing at this level, then i would expect a new low ...yes, below 180...
The second opinion is, that the current PB is just the middle of the real swing down.
If this is true, i expect the market runnung down very hard another 30-50 Points, the same way like it did bevor...
October 1. could be a key Date...
Let's see how this plays out...
P!
The touchdown (twice) at the Big CL (fat frey) is a great indication that we are going potentially higher.
The black resistance where we are now, is also a CL from High-Low extremes.
The orange sliding is the Shift in frequency and can be used as a confirmation too, for either long or short.
The Trend Barrier is a very important zone.
If SPY can break this one very hard, then the we have a chance to continue higher.
BUT - if SPY is failing at this level, then i would expect a new low ...yes, below 180...
The second opinion is, that the current PB is just the middle of the real swing down.
If this is true, i expect the market runnung down very hard another 30-50 Points, the same way like it did bevor...
October 1. could be a key Date...
Let's see how this plays out...
P!
Check out what happened so far and see how A/R works...
P!