Replies to post #322751 on SPDR S&P 500 (SPY)

[Sean Portman]

Thanks, but after analyzing the market and how it was acting at the end of day and looking at the 1 hour chart, the psar is too close to switching to offer support. I sold what I had at profit and decided not to gamble. I should’ve sold after hours for a bit more, but profit is profit. I think we open red. I think we go down a bit more after open and the dip will be bought and we continue up.
Maybe I’m seeing a repetition that won’t happen again, but a dip is needed to climb good. Nothing fancy or devastating. Just down to like 3220 area. Then green up back to 3240-60 and head to 3300 by Wednesday.
The 4 hour chart should handle it.
The daily macd will have a chance to come down a bit more to give a signal crossing a better start for a climb also. And will also bring up back down a bit closer to the sma20 and help it up on a climb.