SOHO CHINA LIMITED stock forum
SPY situation; 1) If we close above $410.50 bull channel confirmed - not a bear channel.
2) Bear's next play is to get a double top at $410.50. Bears want market to lose momo around that point - if bull momo wanes at that mark it will bring in lots of sellers trapping bulls.
3) There were plenty of buyers above the $402, where bears were previously hoping for a double top. The hard selloff at market close yesterday put us back into the channel, dissapointing for bulls - keeping possibility open that we're in a rising wedge (bear channel)
4) Probably sidewas action going into FOMC next week. This news will probably determine what happens at the $410 mark.
Haven't had our nice follow through day yet on SPY, to confirm bull trend. We did blast through that multi-month bear trendline once again which seems to confirm that particular bear trend is complete no longer valid. Ideally we get upside breakout over $402 tomorrow (seems likely given the nice bull catalyst we got this evening 
TSLA) - longer it takes to get breakout over $402 and toward $410 more likely we're going to be in a new trading range rather than trending market - need to break out over $410.
TSLA) - longer it takes to get breakout over $402 and toward $410 more likely we're going to be in a new trading range rather than trending market - need to break out over $410. 
