SPY is moving into a distribution zone, which will likely result in resistance and a dip back towards recently established (fib) support levels. This establishes a new DTL support line that takes us through existing DTL resistance, and back into the next chop zone for more consolidation before either regaining ATH's, or re-testing lows.
Commentaire:
Still in line with forecast. Seeking 270 this week before consolidating underneath for a bigger run.
Commentaire:
This has been almost spot on to date.