SPY approaches resistance at ~$218, likely pullback to ~$213
SPY potential pullback to about $213. Currently at 216.27, Looking for SL at $218.50 (-1.03%), TP at $213(1.511%).
Drew two Fibonacci retracements. The first was draw from the relative maxima prior to the BREXIT, to the relative minima created by BREXIT. The second was drawn from the relative minima created by BREXIT to an assumed local maxima in the event of a pullback.
MFI is simple RSI, 8 period.
Drew two Fibonacci retracements. The first was draw from the relative maxima prior to the BREXIT, to the relative minima created by BREXIT. The second was drawn from the relative minima created by BREXIT to an assumed local maxima in the event of a pullback.
MFI is simple RSI, 8 period.