Long Spy to $283? see what happens next
As predicted in the previous chart, we had a strong bounce at 275(even thou after hours it went to 272 but when market open we were at 275)
We are at 281.2 tonight, i think we are going to have strong resistance on the line at 283.1 on spy. then we should get a pull back to 279ish after the inverse head and shoulder on the weekly is completed. Once completed, we may see a death cross occur and bring the bears out in full force or we get a crazy boost that is able to cancel the death cross.
Oddly enough, oil is down and gold is up so that's still a lot of bearish sentiment there too.
People usually only get into gold if they feel there is a lot of market uncertainty.
I am thinking about doing a discord room separately for analysis, if you guys are interested, please feel free to message me.
We are at 281.2 tonight, i think we are going to have strong resistance on the line at 283.1 on spy. then we should get a pull back to 279ish after the inverse head and shoulder on the weekly is completed. Once completed, we may see a death cross occur and bring the bears out in full force or we get a crazy boost that is able to cancel the death cross.
Oddly enough, oil is down and gold is up so that's still a lot of bearish sentiment there too.
People usually only get into gold if they feel there is a lot of market uncertainty.
I am thinking about doing a discord room separately for analysis, if you guys are interested, please feel free to message me.
Trade fermée: cible de profit atteinte
took profit. attempting short here
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If you appreciate my technical analysis and want to check out our
Free Newsletter --> diywallst.com/
Free Newsletter --> diywallst.com/
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.