according Vix and my other fear bla bla indicator gauge show spy hit some minor support.
Scenario A
If it goes up it will form a ascending wedge which higher chance to go down even harder (crash) maybe june rate hike rumor gonna be pumped at the market bla bla bla as nearing fomc meeting. Either way my entry if spy broke 206.85 or.. today if spy has a good volume picking up at my radar.
Scenario B
i would prefer this spy goes to 201.02 for healthy correction, or 197.64 is last support.
Scenario C
if it broke 197.64, it break SMA 200 welcome US bear market 2015?
Scenario A
If it goes up it will form a ascending wedge which higher chance to go down even harder (crash) maybe june rate hike rumor gonna be pumped at the market bla bla bla as nearing fomc meeting. Either way my entry if spy broke 206.85 or.. today if spy has a good volume picking up at my radar.
Scenario B
i would prefer this spy goes to 201.02 for healthy correction, or 197.64 is last support.
Scenario C
if it broke 197.64, it break SMA 200 welcome US bear market 2015?