SPY (Short Term Short)
Whats up Traders -
Feeling a retrace today. Fireworks again at the end of the day?/ Who knows!
Blue Line (Long Running Support Line on from a weekly chart)
Purple Line (Attempt at a current trading channel
It is a well known fact that any move on low volume cannot be trusted. We have had two days of bull action on extremely low volume. We cannot even begin to paint a long term forecast until we see what happens when the bulk of the traders return to duty over the next few weeks.
Trade Wisely. Good Luck
Bet with your heads, not over it.
Feeling a retrace today. Fireworks again at the end of the day?/ Who knows!
Blue Line (Long Running Support Line on from a weekly chart)
Purple Line (Attempt at a current trading channel
It is a well known fact that any move on low volume cannot be trusted. We have had two days of bull action on extremely low volume. We cannot even begin to paint a long term forecast until we see what happens when the bulk of the traders return to duty over the next few weeks.
Trade Wisely. Good Luck
Bet with your heads, not over it.
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