chinawildman

snapback to 278-280 incoming

AMEX:SPY   SPDR S&P 500 ETF TRUST
Bullish crab reversal zone starts at 274.40 and extends to 271. Note the convergence w/ the 0.5 TL from the schiff pitchfork Monday.

Yes, it's a pretty wide range... NQ/QQQ has a much clearer convergence of reversal indicators/levels so I'd look there for signs of a reversal.

Komentar:
.382 retrace target reached for bullish crab... Gonna add some puts here, really not much upside with 280 right above. Break back above 280 and we're probably headed for a .618 retrace.
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