jsd501 7:46 am on Thursday, May 3, 2018

SPY

We have broken down through the 200 day MA

fuzzballl 7:49 am on Thursday, May 3, 2018

Guessing the 2550 area is the next big one to watch…
- jsd501 7:51 am on Thursday, May 3, 2018
  
  I am thinking more like 2500
  - fuzzballl 7:55 am on Thursday, May 3, 2018
    
    Could be. I was looking at the Feb lows that have been tested once already. It’s all just a guess on my part. 50 week ma is 2600 too. Maybe a bounce there…
hcgdavis 8:02 am on Thursday, May 3, 2018

Elliott wave level (lesser for those using voodoo) at 2596 on /ES. After that we have 2665 is the strongest level and has been gyrating around that.

2622 lesser
2554.71 is next major support level on downside.

Dips seem to still be bought but not as aggressively and have been no where close to the all time highs. Apparently still a lot of cash on the sidelines though.

Trade smart!
hcgdavis 8:13 am on Thursday, May 3, 2018

Looks like we have a bottom on a 15 minute chart. I am going for bike ride so it will either go straight up or crash back through 🙂
jsd501 8:22 am on Thursday, May 3, 2018

It looks like we may be done going down for the day but, I am still negative.