SPY sitting around support area and 50 DMA
I was expecting a move lower on indexes as we were way over extended.
I see support with .618 Fib level $447 , 50 DMA = $453 and the weekly time frame trendline is in this area.
Also, we have a left shoulder and head formed, so watch out for right shoulder to form. (right shoulder should be higher than left, so a retest of 458-460 area.)
FOMC is on Dec 15th, so we might rally here and then see what JPow has for the markets.
I picked up NEM (Gold miner) as seasonality play last week, so not going long any stocks yet. GL!
I see support with .618 Fib level $447 , 50 DMA = $453 and the weekly time frame trendline is in this area.
Also, we have a left shoulder and head formed, so watch out for right shoulder to form. (right shoulder should be higher than left, so a retest of 458-460 area.)
FOMC is on Dec 15th, so we might rally here and then see what JPow has for the markets.
I picked up NEM (Gold miner) as seasonality play last week, so not going long any stocks yet. GL!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.