Now, could you explain the basis for your prediction? I assume that you're basing your sense of the market on the above chart, but I don't see the exact evidence for your assessment.
jjfrost
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@Algyros, sorry for delayed response. I should’ve provided further explanation. Block trades show heavy volume on SPY in the 238.50 / ~2380 futures. The trend line was place based on historical block trade areas. The RSI trend has also been confirming the trend. We’ll see...
Now, could you explain the basis for your prediction? I assume that you're basing your sense of the market on the above chart, but I don't see the exact evidence for your assessment.