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(1) Primary Bear Trend
(2) Secondary Trend right now.
(3) Secondary Trend Height measurement
Fib38.2% = 100.51
Fib50%=105.76
Fib61.8%=111
(4) Secondary Trend Time measurement
At least 3 weeks, two more weeks to go.
(5) 15EMA is going down 0.7/day, currently 110, it takes 7 days to go down to 105
(6) Strong gap resistence on 107.
Conclusion: When SPY reaches 105 in 7 days, there are 3 resistances: (1) 15EMA (2) Gap (3) Fib 50%. It's more likely to finish the secondary trend at this price level.
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