tomerharyoffi

SPY Sideways what can it be? Prediction 336.7 first target.

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Friday had its way to be extremely happy or hell for retailers. the killing machine continues to grind retails puts and continues slightly up. overnight can tell sometimes what's going to be next, it starts to form a new channel, currently, as I write those lines we are at the bottom of the channel 337.6 as it might want to win new high 338.5 first target for me ... but the bears are just around the corner. bears are hiding at 340.5. so be a prepper. MACD... is showing some green... AND AGAIN we must be prepared to flip our position (UVXY under 11 and can explode very rapidly).
For the Downside 336.9 --> 335.5 --> 334.6 --> 332 .
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