Failed up on the week = weak.... $SPY

2023年10月20日

Using multiple timeframes and marking (your) important levels are two of the many valuable takeaways from studying price action based on #TheStrat

Top left: daily
Top right: weekly
Bottom right: monthly
Bottom left: hourly a.k.a. the 60

We did take out previous week high

THEN reversed back into the range (taking the weekly red)

As soon as we were below 50% of the previous weekly candle, Sara's #SSS50PercentRule triggered and we got an outside week i.e. previous week got taken out

Now, how will SPY QQQ DIA will play out? we don't know, but what we know to be true is that at this point we have TimeFrameContinuity DOWN, so -for now- buckle up....