What a day, I did not expect such a strong day. And no sell off towards the close as I somewhat expected this morning.
So, what next? And most important, was the bottom after all in? Well, only time can tell but today was for sure a very strong day. Let’s look at some charts.
First 15min SPY with “buy trend” which started to decline a bit towards the close today. SPY still managed to close at high so this is not much to worry about.
SPY 15MIN
I’ll update more chart soon, but as a fast conclusion, I expect pullback tomorrow. If pullback is not volatile => more business on the upside in the short term (~2 days). Levels coming later, probably first thing in the morning.
Below my best guess at the moment (SPY 1h chart)
