SPY went on a roller coaster ride today opening with a big gap up and then drop 1.72 points in 3 hours just to climb back and close 0.54 points above yesterday’s close, so is it a green or red day? you tell me!
At this point I am not sure where we are going, all the reversal signals the system has been issuing lately have been false, mainly because SPY has been trading in a 2 point channel from the beginning of the year, which wrecks havoc on the system. All I can say for now is that I am relatively sure we are going to have another push up above 184.77, either tomorrow or the next day, this is not a signal and we may have a lower low before that but I see signs that it will happen.
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Battle Plan for the 1/22/2014
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