After the SPY cash price retraced 62% and hit a price of 400.18, prices on the day began to ease as per the daily chart, below.
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| SPY Cash - Daily - 62% Retrace |
This can be the end of the minute ((b)) wave, up, but better confirmation would be prices trading below the lower magenta parallel uptrend line.
In the DOW - as far as we can tell - we were able count a potential ending diagonal in real time, and the charts are in the comments section of the prior post.
Have a good start to the evening.
TraderJoe
FWIW - Today was a fib turn date
ReplyDeleteCould see another 3 swings lower (to the bottom of the channel) and then 3 swings higher to get a double 3...?
ReplyDeleteYM (Dow Futures) Hourly - some thoughts on the overnight, with a new higher high on a further divergence with the MACD.
ReplyDeletehttps://www.tradingview.com/x/bvgyI60n/
TJ
SPY 5-min: qualifies for triple zigzag or expanding diagonal.
ReplyDeletehttps://www.tradingview.com/x/8yFSdUdl/
What's good on the upside is good on the downside.
TJ
SPY 5-min: takes out yesterday's low.
ReplyDeletehttps://www.tradingview.com/x/WIxP1RrO/
TJ
SPY 5-min: local trend line break, only.
ReplyDeletehttps://www.tradingview.com/x/nrUWvrBw/
TJ
A new post is started for the next day.
ReplyDeleteTJ