Constructive Pullback
SPY found some supply here, after a such strong rally, breaking downtrend and right above all moving averages, . Market needs to digest this move however this pullback looks constructive with Friday session supportive price action around 8EMA. Maybe price will need more time to consolidate here above 448$ area near 200MA zone before continuation or will pump higher on high demand, will see.
Want to notice that mostly all laggards that tried to breakout on last 3-4 sessions were shaken out on this small distribution, but if the stocks held their bases/setups and will recover in a few sessions, traders can buy them back in portfolios.
Want to notice that mostly all laggards that tried to breakout on last 3-4 sessions were shaken out on this small distribution, but if the stocks held their bases/setups and will recover in a few sessions, traders can buy them back in portfolios.
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.
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.