Replies to post #96867 on SPDR S&P 500 (SPY)

[denmo83]

A one and a half point range...

for an hour and a half.

[Fox13]

Yeah, boring…Anyway , while we wait…for the Qs (60min), the upper line of the Fib Fan became support. Remember Gann’s rule of 4? It says that now the breaking of that level should be delayed. However, I also assume that this level is IT for wave “c“, and implicitly for (2). WHENEVER Qs will break support, I shall (at least) double shorts.