Even though we had a ‘major’ sell off today we did not even dent the uptrend. Applying drawing tools such as Andrews PitchFork provide us a visual structure around price with which we can gauge price action. Notice that in the Daily chart of SPY below price is still in the upper quartile of the drawn Median Line set. I have highlighted on the chart a few of the Fibonacci levels and Fork levels of major interest. Your thoughts and comments are welcome. Please use the comment tab just under the chart. Have a GREAT weekend.
