Same scenario, just a bigger target..
Overall the pattern is a Descending broadening wedge..
I wouldn't be surprised if PCE sends us back to 408 tomorrow.
Dow jones still oversold , 3 days outside lower Bollinger band.
I think we are grinding/Chopping to make a double bottom.. you can see it better on the 15min..
Dow needs to hold 32,800..
Also apple needs to hold 200sma or it will drag the market down, so far it has bounced and I'm swinging some calls
My spy fib levels are
High - 418.31
Low - 374.77
Let's see what happens
Overall the pattern is a Descending broadening wedge..
I wouldn't be surprised if PCE sends us back to 408 tomorrow.
Dow jones still oversold , 3 days outside lower Bollinger band.
I think we are grinding/Chopping to make a double bottom.. you can see it better on the 15min..
Dow needs to hold 32,800..
Also apple needs to hold 200sma or it will drag the market down, so far it has bounced and I'm swinging some calls
My spy fib levels are
High - 418.31
Low - 374.77
Let's see what happens
Commentaire:
Covered on apple calls 220%..
