SPDR S&P 500 ETF TRUSTMis à jour SPY Week idea
I believe there will be small profit taking on the DXY, it’s the first time in 20 years that we broke 110. So with that in mind if the dollar goes down the market will go up, now how much not much probably 403 which will probably be the last good chance to have a day like Friday with the short position. Now Thursday morning papa Powell is talking at a conference, pre-market 9:10 am. This week I believe we will break 390 for good we keep knocking on the trend line eventually it will open. So Tuesday/Wednesday bulls last chance Thursday/Friday bears try to take over. So hope everyone had a great long weekend. As always trade what’s in front of you good luck
Note
I swear I had more points to make I should have wrote them down. Keep an eye on China with us now giving Taiwan a arms deal 1 billion. Also all the crazy stuff with water issues around the the world and here with Jackson Mississippi and Las Vegas New Mexico which has 13k people that are about to run out of water in 20 days and of course the energy problems of the world. So there’s not much in the good news department that’s for sure. We break anything above 400 I’ll be loading up puts. See you guys and gals tomorrow
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