SPY has recently overshoot it's long term trend channel from the top.
Usually, such overshoots on one end lead to major overshoots of a trend line on the other end.
I bet that trend line won't hold well this time and the unclosed gap at 154 might act as a good magnet here.
Track this and other predictions with Market Druids on Facebook (or MarketDruids.com), make your own predictions and track them and your stats against others!
Usually, such overshoots on one end lead to major overshoots of a trend line on the other end.
I bet that trend line won't hold well this time and the unclosed gap at 154 might act as a good magnet here.
Track this and other predictions with Market Druids on Facebook (or MarketDruids.com), make your own predictions and track them and your stats against others!
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