Let's Retrace Out Steps Here SPY

I am expecting to see a retrace this week. The question becomes do we retrace to the 365 area, do we retrace to the 362 area, or do we continue onward and downward beyond those. Seemingly the most likely scenarios to bounce off one of these (or sooner if we have not touched 400). In the more immediate, I am expecting bounces at or around 379 and 369. These will be points of interest as the pullback ensues. Keep in mind, heading to 393, 395, 400, and 406 are all in play, but again, a question of when and how.

No matter what the outcome, this week should be some sign of pullback, perhaps not as dramatic as a true crash, but some pullback nonetheless.

More major pullback is expected for April, May, and June IMO. Best of luck to you in your trades this week.

= FIB

Komentarz:

in the even shorter term outlook, 381-383 is the rage to lookout for for small bounces

Komentarz:

even more short term: 386.2 will likely be the first bounce...we may go all the way to 393-395 from here, so be prepared...it is going to a bumpy ride friends!