Looking for an area where Spy finds resistance from the bullish trend it has been on. Targeting 412-420 (top blue box) which are the extended 1.2 to 1.6 fib levels from the 384 low. Also have a fibonacci cluster on the time axis for April 16th fib time zone phase 2 has lined up perfectly with the 100% marker of the fib trend time zone indicator (the darker green color going into the blue is the 100% marker). Sometime next week between April 15-17 I would like to see some resistance and will be paying attention to structure for a possible low being made then a lower high to enter a short on this etf long term PA target is 375-378.
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