SPY approaching .618 of the drop. this is called the golden ratio because it's of the strongest numbers of the Fibonacci sequence. so I'm expecting resistance @ this level . also orange lines are the completion of an ABCD pattern from our first relief
rally this is a bearish sell signal as well. all this while in a falling wedge :thinking: if this poses a threat to Powell pumping at all I can see a retrace to 260-264 range then we buy the dip and spy to 420 $spy
rally this is a bearish sell signal as well. all this while in a falling wedge :thinking: if this poses a threat to Powell pumping at all I can see a retrace to 260-264 range then we buy the dip and spy to 420 $spy