SPOT is headed to 400/470 before June 2025 in my humble opinion.
I have highlighted in green, the area where VPA concepts imply bottoms, which are coincidentally on the daily MA50. This is bullish.
I also like that this ticker is strong on ES and NQ weak days, and is pretty stable usually on the ES and NQ stronger days.
I like the contracts at lows, some people like to short at supports hoping for a breakdown.
"when in doubt, zoom out" - Larger time frames are still bullish, and you won't catch me shorting this stock.
Not financial advice, Thoughts of July10,2024
I have highlighted in green, the area where VPA concepts imply bottoms, which are coincidentally on the daily MA50. This is bullish.
I also like that this ticker is strong on ES and NQ weak days, and is pretty stable usually on the ES and NQ stronger days.
I like the contracts at lows, some people like to short at supports hoping for a breakdown.
"when in doubt, zoom out" - Larger time frames are still bullish, and you won't catch me shorting this stock.
Not financial advice, Thoughts of July10,2024
Note
Well, it didn't hold the MA50, and instead went to MA100. This means something is different. ER is also tomorrow. Let's see what happens..Note
Well. there ya go...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.