williamlau1

williamlau1

SPY will form a up triangle before hitting the ATH. This is the only way that is healthy. Projected retreat region is around 182 to 183.

williamlau1

Up triangle pre break-out mode. Will see 12 to 13 next week.

williamlau1

Now it is difficult to decide which way to go. From MACD and RSI, this rally does not seem over yet. But this rally (6 days) has not been strong, either. If it is going to see new high, it most probably needs to do an IHS.

williamlau1

Gap filled, round bottom confirmed, 200 MA crossed, with volume, nice ER, hold till May it will see 60+

williamlau1

After the previous two weeks' drop, the money floods to safe positions first. It is why $QQQ is leading $SPY, and $SPY is leading $IWM. IOW, it is time to buy $IWM before money flood in!

williamlau1

Hold for some time and you will be rewarded

williamlau1

Forming of the right should in the coming week. It will get back to 50 MA and center of BB.

williamlau1

wait for the market to take a direction

williamlau1

Will wait until the market takes a direction. Most likely going down.

williamlau1

What if this is the new trend line?

williamlau1

need time to see which side wins the short term battle. just wait and see

williamlau1

SPY stays in the channel. Good day to buy dip.

williamlau1

golden chance fellas

williamlau1

holding nicely. will try the resistance and eventually break through by Friday