End-of-day update: SPY reacted to the resistance zone and closed bearishly. Yet, the war is not over until Friday close.
The down channel is adjusted off the high print today. The original chart can be found from my commentary made on Dec 15, 2015. Notice that now the downside target is perfectly aligned.
SPY Reacted to Resistance Zone Dec 17, 2015
End-of-day update: SPY reacted to the resistance zone and closed bearishly. Yet, the war is not over until Friday close.
The down channel is adjusted off the high print today. The original chart can be found from my commentary made on Dec 15, 2015. Notice that now the downside target is perfectly aligned.
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