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“Oh, how ugly!” – situation in SPY

Yesterday, an anti-signal to buy was triggered in ETF SPDR SP500, described by Larry Williams in relation to the price of gold.
The price level of the 34/9 410 crossover of the moving averages did not hold – the price fell to 401 in the last hours of the session.
Immediate support 395.

Wolfe’s wave, described in the last post, did not materialize – there was no driver to overcome the resistance of 418-420.
"Oh, how ugly!" - situation in SPY

In anticipation of the Fed decision on June 15, sideways movement in the range of 380 – 420.
A buy signal will work above 410 if XAUUSD exits above 1865.
"Oh, how ugly!" - situation in SPY

About author

Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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