$SPY TOP 20
Added 2023-11-30 20:38:29 +0000 UTC$SPY is just sitting on the white trend line that we spoke about at the weekend, which is the main reason why the market has not pulled back more aggressively yet, I think that this support line will not be held and we get our pull back to the white fib levels as shown, this will be good for the market and a good opportunity too.
The market has run from $409 to $458 in exactly 1 month....1st of Dec tomorrow so it may be the right time to start its pull back too.
A lot of action is building at the 0.38 Fib at $439, this is where the channel is and the 200 Day MA on the 1hr chart, so this is where I'd like to see the pull back go at least to.
