$422.0 by May 11 - Long Spy
SPY is currently forming a common W pattern, which occurs more often in the midst of a bear market or a transitory stage of the market. Its also currently trading within a wedge on the hourly chart pictured below.
https://www.tradingview.com/x/wimufgb1/
See also the 15 minute chart, and the wedge it may break soon.
https://www.tradingview.com/x/F2JceeCb/
The chart indicates multiple bullish influences, and I will be long SPY this upcoming week.
https://www.tradingview.com/x/wimufgb1/
See also the 15 minute chart, and the wedge it may break soon.
https://www.tradingview.com/x/F2JceeCb/
The chart indicates multiple bullish influences, and I will be long SPY this upcoming week.
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