Spy 12/29
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Notice this little wedge formed on the spy and DJI (Dow jones] ..
If we pop tomorrow 383 would be my target.
If spy gaps down and falls below 375 , then 373 CPI gap cLose is at play.
I don't see this dropping below 371. why? Well the biggest draggers on the spy is the tech sector, more specifically XLK (Msft and Apple) SMH (Chip sector) are both close to closing their CPI gaps too.
XLK gap close at 120.94 .
SMH gap close at 194.
Weekly Job report out 8:30 P.M , even though it's only a weekly I expect it to either kick off a bullish reversal or finish the drop and gap close
If we pop tomorrow 383 would be my target.
If spy gaps down and falls below 375 , then 373 CPI gap cLose is at play.
I don't see this dropping below 371. why? Well the biggest draggers on the spy is the tech sector, more specifically XLK (Msft and Apple) SMH (Chip sector) are both close to closing their CPI gaps too.
XLK gap close at 120.94 .
SMH gap close at 194.
Weekly Job report out 8:30 P.M , even though it's only a weekly I expect it to either kick off a bullish reversal or finish the drop and gap close
Commentaire
380 will be the first target or resistancWe'll need to punch pass 380 for 383..
If your looking to long, wait for 381
Commentaire
Target hit! if we can close above 383, then 386 gap close at play
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