SPY near minor resistance so a bounce soon is possible. of course, if prices break below the bottom of that zone, that would probably lead to additional selling, most like down to re-test the double-bottom lows from 4/10 & 4/23. if & when that level goes, a new wave of selling, most likely some very powerful selling, will likely kick in. until then, keep in mind that we are still just trading range-bound while the market builds the energy for to launch the next big move higher or lower. although i have been hard press to find many new, un-triggered patterns to add as objective set-ups, there are still plenty of active trades, both long on short, posted here, many of which continue to offer very objective entries for a new trade or add-ons to an existing position as they either break above or below one of the earlier targets OR they pull back (or push up to, in the case of a short-trade) support (or resistance). my preference continues to be on the short-side but i do my best to post ideas and charts for traders and investors who might have a different take on things. additionally, things can change quickly in the market, including my overall bias (bullish or bearish) so i’m always on the look-out for evidence to confirm OR to refute my current take on things.
