SPY daily
Today we got a pullbackk, as predicted in my weekend tactical update. The engulfing bar is usually a bad sign, but volume wasn’t supportive of a larger move down, which is why I still believe we just get a pullback. If you look closely, you can spot where I have the next buy order on the chart above ;-).
I am on vacation, so updates my be sporadic this week. Anyways, I think we should get another down day. Watch the support and resistance lines.
