SPDR S&P 500 (SPY)

[USDollar]

probably my last guidance post as soon I'm heading to work all the way into tomorrow

Here's how this SPig should behave

If forward(key word) to be bullish, 234 should find some support, then the day should close well above 234.6

ok then

Even then the downside is not out of question !

However, if the above doesn't happen, then there is more weakness coming

Pay attention to the new developments in chart. One of them is daily BB. Another close at the lod and especially bellow BB would ensure weakness.
But because d50 is near and dear I expect some love there, so buying near that point is a low risk bet as always. So use iq and have powder for that event, and most importantly don't hesitate, you snooze you lose. But we're not there yet, close but not yet.

Europe is now closed, so now is our own games and mustaches.

There was a new low so the ST is still negative barring the above (even then).
The weekly looks ominous, and monthly threatens to signal end of this line as well although not much down but barely.

The volume has picked up while at high elevation and this spells intense trading going on (the big slobs).

IWM shows weakness which is worrisome, but on the other hand QQQ is performing strongly. So it's a wash with bullish bias. When both will perform then it's all good.

That's about it without going into models , indicators and other such boring stuff.

Well, y'all have a great day


(p.s my long position was sold at SPig 234.38, then it went on of course to 234.45 or so but hey)