Bullish Sentiment Building up!
Be weary this short bullish developement can consequently short squeeze the bear rally for the summer, making a pause the downward problem, but if a lower high does develop on the rsi later this year, thats a confirmation continuation, which i still suspect the bear market to continue, as this lower high will reset the wave count theory.
meanwhile, the objective is to rebound to 430 retest, but SPY gotta fight the following ranges;
1: 404
2:408
3:416
4: 430 - and i expect a reject afterward.
without a doubt we will se a cycle rotation from puts to Calls regardless the market environment that comes before us.
this is not Financial Advise, not certified in any form for the markets.
Always do your own due diligence. theres a possible chance for a meltdown, but we just exhausted the run away gap down.
meanwhile, the objective is to rebound to 430 retest, but SPY gotta fight the following ranges;
1: 404
2:408
3:416
4: 430 - and i expect a reject afterward.
without a doubt we will se a cycle rotation from puts to Calls regardless the market environment that comes before us.
this is not Financial Advise, not certified in any form for the markets.
Always do your own due diligence. theres a possible chance for a meltdown, but we just exhausted the run away gap down.
Transaction en cours
RSI Became invalid, but still doing bullish reversal development (but it will be weak), just be in the lookout and careful monitoring, i will update soon for moreTrade fermée: cible de profit atteinte
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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.