We have an imbalance of price on $SPY / $SPX down at 734. Dating back to the beginning of June. There have been roughly 75 imbalances of stock price on my 2 min chart. Out of all 75 imbalances? Only two did not get taken out within 6 trading days. 2 out of 75. We have an imbalance near 734. One took about 15 days and there is one left up at 752.5. There is a HIGH probability, an 85% chance that the #SP500 is back at 734 by Friday of next week. There is a HIGH probability, an 70% chance that the #SP500 is back at 734 by Thursday of next week. Can it be wrong? Yes. 100%. If the expansion were to continue. But odds favor a move back to 734. Have a great weekend. See you Monday.
TraderJonesyShare
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