If you look at what time the spy found (12:30 15min candlestick)its was exactly the same time dow found support at 34323 fib after a 100 point drop brought on by a double top.
The Dow is now steering this ship and the Dow is correcting.
Bounced off wedge support today , I circled in green the last times to show how it can gap up the next trading day.
Next week June 16th the feds will announce if they are changing interest earlier than expected . Bad news Would be perfect timing and coincidence with this bearishness going on in the Dow and spy charts.
The Dow is now steering this ship and the Dow is correcting.
Bounced off wedge support today , I circled in green the last times to show how it can gap up the next trading day.
Next week June 16th the feds will announce if they are changing interest earlier than expected . Bad news Would be perfect timing and coincidence with this bearishness going on in the Dow and spy charts.
