chakri12

S&P500 for the coming weeks

AMEX:SPY   SPDR S&P 500 ETF TRUST
Related tickers
SPX,SPY

SPY in an upward channel after Friday's sharp sell-off.
Anticipating runup to ATH or to make a new ATH before the end of January.

Will most probably see a correction in Feb following the seasonality after the Election year.

Good buying window was Friday when the RSI fell below the lower band. Still has room up but should be cautious with tight stoploss.

-Long till the end of Jan and short going into FEB.

Thank you for reading.

*Just an opinion
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.