SP500 is falling. When to buy the pullback can be judged by supporting Gann Angles.
The SPY is once again at a critical 1x2 Gann Angle, many times price bounces at the 1x2. Of course a clean break would be very bearish.
Investing Quote...
"Tape reading is rapid-fire horse sense...The Tape Reader aims to make deductions from each succeeding transaction -- every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision." ~ Richard D Wyckoff
"A market is the combined behavior of thousands of people responding to information, misinformation and whim." ~ Kenneth Chang
