$SPY wait for the breakout or the rejection 👁🗨
Updated
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
!! This chart analysis is for reference purposes only !!
The thickness of the trendlines represents the strength as we see it. If
SPY breaks past the weakest trendline then we will have a confirmed bullish rally in the market. Another rejection would send the SPY down to retest support. If you want to see more, please like and follow us SimplyShowMeTheMoney
Note
Our trendline broke before the day of the CPI inflation report. Thats not a good sign! This is looking more and more like a market bull trap. My team will be setting our portfolio into motion to handle hedge a potential correction tomorrow.
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