rothenbergt

Spy Bear or Bull? Lets Find Out Tomorrow

AMEX:SPY   SPDR S&P 500 ETF TRUST
Even with the looming problems, the market has closed green. Tomorrow is a pivotal moment as we will decide which direction we will continue heading in the short term future.

In the 4-hour chart, I have mapped potential routes depending on which direction the market takes us.

If we close above $256 we will test $265.
If we close below $246 we will test $233

The powers that be will do everything they can to test & break $280 50% fib. It seems no matter the cost. Let's see how the market holds up with the realities next week brings.
Penafian

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