If the bounce comes today (futures look promising but remember that cash session is king) a bounce into September could get us to 4100 or 4200 - depending on the short squeeze. I'm thinking 4200 as many will short the obvious head and shoulders neckline at 4100, so that should be fuel to get bulls up to 4200 (.618 of the move down). Nothing confirmed yet. Would be more bullish over 4020. Will update if I'm seeing something else.
Commentaire:
spy wedge breakout
