Quick and dirty SPY projection
SPX has followed a high probability upward trajectory as it clears 50% of previous falls and fills gaps.
1)We have descending trendline, confirmed broken, small gap above and onto ATH.
2)Clear gap above to 384-385 area and retrace to 377.34 at some point next week, after which we will likely see BTD continue and onto new highs.
Keep it simple, stay long, keep cash to buy the dip and multiply the price direction.
1)We have descending trendline, confirmed broken, small gap above and onto ATH.
2)Clear gap above to 384-385 area and retrace to 377.34 at some point next week, after which we will likely see BTD continue and onto new highs.
Keep it simple, stay long, keep cash to buy the dip and multiply the price direction.
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