I just posted an update on the Google Group – but realized that for my Advanced MACD group this pull back this morning might be something to look at on the SPY…
I’m attaching a 3 Grid of the SPY (W / D / 60) —- just using the 3 grid that was up on my desktop this morning…. Take a good look at the levels we’re approaching again —- and this time – notice the lack of enthusiasm for the recent bounce…. This is really a “moment of truth” —-
Will we bounce again from this lower price area (something I’d actually prefer) – and what has been happening for the past many years — bears push price down and new buyers come in to gobble up stocks at a discount……. (or so they presume!!!!)
Let’s keep a close eye on this range – will we bounce again / pause and hold / tease below / or actually break to new lows????
We’ll take a look at this in tonight’s webinar —– let’s frame out and be ready for any of these scenarios… Not to predict the outcome – but to be aware of what we’ll be watching for as we are in this lower trading range…
Here’s a current print screen of the Shadow Trader Quad – and the SPY —- See you tonight !!!!
Sue
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