SPY, quick update

4 เม.ย. 2018

Welcome traders! Here we are on the one hour chart once again looking at the activity the SPY is giving us and what we see again is ANOTHER test of the .236 retracement! It really looks like the bulls want to pull through but I wouldn't be surprised to see it be another unsuccessful attempt. MACD is showing a similar picture, staying within the same area as the previous 2 crossovers. I'd say by the close of today or tomorrow we might have an idea of where this is going, but for now in the smaller picture on it's 1 hour, it's looking a bit indecisive. From my looks of it, I'm expecting a clear rejection, but we'll see. As always good luck and safe trading, till the next one!