10/17 Watchlist

SPY QQQ GOOGL

SPY

My plan is coming together, if you go read my post from Sunday night, I said that I was expecting a move up into last week’s value area. Here we are.

4hr SPY

We pushed back above September’s VAH, now it is more important that the bulls hold that 431 area.

Bulls pushed back above 435 (last week’s POC), which we expected would happen.

I pointed out that last week’s profile was a P, so we were expecting a retest of this area.

Now you can see in the image above on the 4hr, levels are getting tight here. A break of 438.43 we can see 443.55.

I think this could have been a bull trap, for me to become bullish I need to see continuation above 438.43, and this very well could happen. Look at the 1D chart on SPY, it failed to make a higher high and it’s sitting right under the gap fil.