SPY/ES/SPX is in a major support zone although the major trend is broken
Depending on the timeframe, we are oversold and others have lots of juice to the downside left
We have a clear channel in place
..... and we have gaps all over the place to cover!
I'm marking the chart as "neutral" because at this point, you could shoot in either direction and be proven right depending on your timeframe.
It's going to be a weird week with the ES rollover and VIX option expiration. We also have the FX and Bond complexe at inflection points.
I think we may play to the other side of the channel to 210 and shit really hits the fan for a down move.
Depending on the timeframe, we are oversold and others have lots of juice to the downside left
We have a clear channel in place
..... and we have gaps all over the place to cover!
I'm marking the chart as "neutral" because at this point, you could shoot in either direction and be proven right depending on your timeframe.
It's going to be a weird week with the ES rollover and VIX option expiration. We also have the FX and Bond complexe at inflection points.
I think we may play to the other side of the channel to 210 and shit really hits the fan for a down move.
