$SPY TOP 20
Added 2023-11-08 18:58:53 +0000 UTCAt the start of the day, I showed a little ascending wedge on the 1hr chart, which is usually met with a breakdown as it is a bearish indication.
That is what we got and we can also see that $SPY has rejected at this green line, which is the 1 Fib at $436 a number of times in October too.
We could start to see the start of our pull back now.
Obviously I am very happy with how well $SPY has ran since $409 and I even more excited to add on the pull back.
This has been the perfect V shape bounce so far, so all we need now is for the structure to behave and find support on one of our White Fibs levels, at $427, $423 or $420, then we can add again to our favourite stocks.
