SPY forecast thru Aug 5

2022年7月23日

Time frame continuity with 15m, hourly, and daily. We're playing inside monthly and quarterly. For now, expecting a pullback to 390 to complete the broadening formation that started Friday. If it finds support there, a quick trip back up to 400 to re-test and print higher highs. If this structure breaks down quickly, expect a quick movement to the low side (green buy zone). Otherwise, expect a nice leisurely drawdown over the next two weeks.

2022年7月24日

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If we close July with an inside month, expect bullish price action to kick us up to 420 plus.

2022年7月26日

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Incoming. Let's see how she holds.

2022年7月26日

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Single bar bounce. We're heading to the green buy zone. Should close today <389.

2022年7月26日

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Might find some buyers at 389. That falling wedge support gave quite a kick last two times we touched it.