Hello Hello! So far so good from my previous bear market rally chart. Everything seems to be held in place as the market continues to climb upwards with regard to recession and the recent 75 bps rate hike and on top of it all very controversial earning reports. Shorts and retail continue to be punished for their bear case as the market continues to climb upwards...
this is my bull case for spy also posted my bear case, respective the levels and charts always
the bear case for spy this can drop fast and quick. will have my bull case out as well.
Spy setting up a massive rally here for the summer. As we know, Spy took a deep plunge after that consolidation previously towards the end of may and while retail believes we will head lower from these levels, think again. Some of my analysis included involves EW, key levels, chart patterns, and trend lines. We are currently in the leg up of the head of an inverse...
multiple ways to look at this chart atm but this inverse h&s seems to be a nice setup for the upside. DONT GET CAUGHT IN THE CHOP!