Dragging its feet at the top.. doesnt usually last up top long, maybe 2-3days (Green circles).
Air isnt the only thing thin up here, look at that volume. I think we see a pullback to 8ema at around 444.
Thursday is catalyst heavy with events. could be a catalyst to push spy to that 450 before the bearish month of sept or bring the spy down to that old friend 50ma.. lets see..
1.GDP
2.Job reports
3.Jackson hole.
Side note... Dow jones and QQQ have both reached channel top today (See links) and both got rejected al9ng with the spy.. Not a good time to go longm Stay cash or short until pull back..
Watch for the Doji or black spinning top for conformation
Air isnt the only thing thin up here, look at that volume. I think we see a pullback to 8ema at around 444.
Thursday is catalyst heavy with events. could be a catalyst to push spy to that 450 before the bearish month of sept or bring the spy down to that old friend 50ma.. lets see..
1.GDP
2.Job reports
3.Jackson hole.
Side note... Dow jones and QQQ have both reached channel top today (See links) and both got rejected al9ng with the spy.. Not a good time to go longm Stay cash or short until pull back..
Watch for the Doji or black spinning top for conformation
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