SPY - Possible Path Going Forward
My thoughts on the path going forward. This has implications for the near term. Imminent UP move?
I believe the longer term direction will be down.
The structure of the decline suggests to me there is a possibility of a counter trend move that brings us to the .78 Fib level
Establishing the channel for the eventual pathway down needs to "fit". Is this the path we take?
I believe the longer term direction will be down.
The structure of the decline suggests to me there is a possibility of a counter trend move that brings us to the .78 Fib level
Establishing the channel for the eventual pathway down needs to "fit". Is this the path we take?
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