We're a longer term channel bottom.
Now, we can continue from here believe it or not, we can. However, in all likehood it's very likely we will bounce here from these levels and maybe retest 450's at which either we move sideways or push a lil up. I'm very doubtful of a 500's spy or even another 480's spy there's too much risks associated... but for now we can expect a short relief rally and consolidation before we possibly move lower then we will continue especially after decisions in march...
Now, we can continue from here believe it or not, we can. However, in all likehood it's very likely we will bounce here from these levels and maybe retest 450's at which either we move sideways or push a lil up. I'm very doubtful of a 500's spy or even another 480's spy there's too much risks associated... but for now we can expect a short relief rally and consolidation before we possibly move lower then we will continue especially after decisions in march...