SPY in a channel, possibly attempting to fill the gap this week
SPY futures have formed a channel, with a CR passed and shutdown fears temporarily avoided, it is possible that the market may try to fill the gap.
Watch for a breakout to the downside or upside. We may follow this channel for the entire week and breakout Friday with the job numbers, or there may be a surprise catalyst like moodys - although I doubt they will downgrade with the CR being passed, at least without a few more indicators tipping us off.
Overall I am bullish for this upcoming week.
Just my opinions
Watch for a breakout to the downside or upside. We may follow this channel for the entire week and breakout Friday with the job numbers, or there may be a surprise catalyst like moodys - although I doubt they will downgrade with the CR being passed, at least without a few more indicators tipping us off.
Overall I am bullish for this upcoming week.
Just my opinions
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