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WizdomSeekerr

Market broke resistance off the trend highs. ATH coming!

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
WizdomSeekerr  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) es1 S&P 500 E-Mini Futures NQ nasdaq NASDAQ 100 CFD ES market
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trendanalysis chartpattern indicator spy spx es1 es1! nq nasdaq nas100 es market
Market broke resistance off the trend highs. ATH coming!


Chat is self explanatory

  • Every dip bought
  • COT Report shows Short interest in "Leverged Funds x2/x3 short futures" increased, which shows market is banking on their covers
  • Bearish news on rising market, is just a fuel to make longs sell and/or people initiate a short into a loss or missing on profit (This game has been like this all along)
  • Dollar crash/bearish trend is fueling this rise even more

Long here a small position to be scaled up with any Market dip as that has been the pure market strategy.

Chart shows breakage of that resistance line with a huge moment / Big bar up. Should get ATH either today or by Friday maximum.
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