That area would be the near term target. It would fill the gap as well as meet the downtrend line. Also, stops are probably in that area. After that, I expect one more move down although if we break above the downtrend line you can see a harder rally. Under 360 and this idea is invalid. Good luck!
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363 area should hold on any pullbacks
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363 has held so far.
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SPY is stretched and showing 3 waves only. If we stall at 370 we may have one more low coming this week. The slow move up is concerning to me FWIW. I took some profits in case.
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watching for this
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target reached, adding shorts
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watching aapl for weakness - may be leading the market.
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AAPL now broke horizontal support and has retested it, which is an objective short area, if correct we should see selling pick up soon.
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so far this is looking good for bears - so far
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they are shaking out shorts I believe. AAPL still looks like an ABC here after a messy impulse. Above 147 would be problematic for bears, otherwise this could be 1-2 complete
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SPX took out stops at the very end of day. Makes sense if they want to reverse it overnight/tomorrow. We'll see.
