SPDR S&P 500 (SPY): Good points. i think a fib retrace is o...

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Re: NetNeutral post# 194064

Saturday, 04/09/2016 10:05:32 PM

Saturday, April 09, 2016 10:05:32 PM

Good points. i think a fib retrace is over due. Note after macd cross on daily back in nov we finally gave back 32% give or take then tried to rally again.
I think a healthy retrace will shake the tree and reset ocillators to give bulls the momo they will need to push over that resistance. *im being bias bc i have puts but its not out of the question to go higher from here too.
my trade is based on overdue pull back in any healthy rally that just has not happen yet...

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