SPY: Status update and outlook for next week

anteontem

Hey everyone,
As per ush, sharing my thoughts, opinions and analysis on $SPY.

Hope you find it helpful and as always safe trades!

há 6 horas

Nota

The bullishness was accelerated, took me by surprise but at least knew enough to long it.
Unfortunately since it circumvented the reference target there is a real likelihood that we head back down to it, its also not unreasonable to expect a re-test of the trendline now that we have successfully reclaimed and held it (though this isn't a rule like the rules I outlined in the video, but it happens more often than not).

Tuesday is looking like a bearish day according to forecast, so expect at least a re-test of that trendline


Otherwise no complaints, SPY followed through on the projected bullishness.

Hope everyone had a good trading day!