SPY - Compressed
HI,
I am posting this because all of the small time frame work sometimes just looks beautiful on the larger time frame.
In this mess of support and resistance vectors, I see one glaring clue... The movement is super compressed into the middle of this burst. . . I am on the look out for it to break out of that compression., which would inherently increase the volatility... or the spread of theses vectors looking forward 30days.
World factors, and that giant red harmonic pattern have me feeling a bit bearish.
The Fed and stimulus money have me feeling cautiously bullish...
So much tension... this will be very exciting when it bursts!
Good Luck!
I am posting this because all of the small time frame work sometimes just looks beautiful on the larger time frame.
In this mess of support and resistance vectors, I see one glaring clue... The movement is super compressed into the middle of this burst. . . I am on the look out for it to break out of that compression., which would inherently increase the volatility... or the spread of theses vectors looking forward 30days.
World factors, and that giant red harmonic pattern have me feeling a bit bearish.
The Fed and stimulus money have me feeling cautiously bullish...
So much tension... this will be very exciting when it bursts!
Good Luck!
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