$SPY Not the most sophisticated charting is needed every time. But these are a couple notable near term basic top bottom levels to watch for on the hourly.
We are at a level of equilibrium according to the Rsi and according to the diagram we are comparing here... are we waiting for clearer things or can we exploit this level of equilibrium?
We can clearly see 5 waves down on this $SPX futures chart (and even the internals). I am 🙏 for a 62% retracement to 6800 in order to go short. Targets shown in chart two; 6100 being the most obvious…
So we’ll probably rise into resistance zone Monday and Tuesday and chop around with multiple retests and depending on catalysts break down under or above. Earnings/govt etc can trigger a selling.
$SPY Not the most sophisticated charting is needed every time. But these are a couple notable near term basic top bottom levels to watch for on the hourly