SPY 4/10
SPY closed higher than close on 04/04 while also showing a double bottom at the 406.10 area on the 1hr timeframe.
I am bullish on 04/11.
LONG:
If SPY opens higher than 04/06 close, it may come down to 408.70 and bounce up, heading into 411 territory.
If SPY opens lower than 04/06 close, it could push up and break through 408.70 and head toward 411 territory.
SHORT:
If SPY opens lower than 04/06 close, climbs and rejects around 408.70, then we can see a push down to 407.60 area with a possible low of 406.15 area.
LONG** WATCH FOR TEST @ 409.76 and 410.47
SHORT** WATCH FOR TEST @ 407.06
I am bullish on 04/11.
LONG:
If SPY opens higher than 04/06 close, it may come down to 408.70 and bounce up, heading into 411 territory.
If SPY opens lower than 04/06 close, it could push up and break through 408.70 and head toward 411 territory.
SHORT:
If SPY opens lower than 04/06 close, climbs and rejects around 408.70, then we can see a push down to 407.60 area with a possible low of 406.15 area.
LONG** WATCH FOR TEST @ 409.76 and 410.47
SHORT** WATCH FOR TEST @ 407.06
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