Spy should reject 313 and find support at 295 on short term

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SPDR S&P 500 ETF TRUST (AMEX:SPY)

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AMEX:SPY SPDR S&P 500 ETF TRUST

Spy was running green since 278 bounce and no real correction happened since. 313 is fibonacci 0.768 resistance, january 2018 top of the megaphone wedge, march top. RSI is also very overbought on all timelines. I am looking to healthy correction to around 295, where we have mother of all supports 200MA, 200EMA, 0.618 fibonacci, and fibonacci golden pocket.

Comentário:

Pre market is red, also ECB news about stimulus done, which might start the pullback, as buy the rumour sell the news. It all depends on today's performance. Never underestimate BRRRRR and retail madness though. Let's see.

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