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SPX whipsaw day

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They foiled the head and shoulders topping pattern which is usually bullish, but I have a feeling it will be a whipsaw kind of day. Futures should find resistance at around 4k in the morning session and then another test of 3900 next week to take out stops (yellow arrow). A bigger sell off would likely get us back down to 3800 by Thanksgiving (red arrow). I don't think the rally today will continue past the previous high of 4050 - as of now.

Good luck!

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on SPY if the red path is taken we may fill the gap by next Friday, improbable but possible. Would have to be a news event to trigger such selling during a holiday week.

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put/call back down to .73 yesterday

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expecting a short covering open.

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B wave (if that's what it is), may be done. We're now at the lower support again. Price getting above today's morning high would invalidate this idea.