AI
Monday, June 18, 2018 6:57:19 AM
As expected Spy threatening to GAP down Big, BUT, a gap below Friday's LOD, 275.32, would be a compelling move for our Bearish outcome over he next 9-11 days??
That said, a simple retest of Friday's LOD could lead to a rebound that would put the bearish case in jeopardy??
Our first target on the downside is the R2(273.13) as it appears Spy will GAP below the R3(276.50) and said R3 should become resistance??
A CLOSE below he R2(273.13) will confirm our suspicions of a move to the R1(269.84) or our second target???
That said, a simple retest of Friday's LOD could lead to a rebound that would put the bearish case in jeopardy??
Our first target on the downside is the R2(273.13) as it appears Spy will GAP below the R3(276.50) and said R3 should become resistance??
A CLOSE below he R2(273.13) will confirm our suspicions of a move to the R1(269.84) or our second target???
