Been in a huge range all year. Could be a large ascendinf triangle but it’s no where near ready for the breakout. Everytime we enter upper range we don’t hangout long but man do people get bullish as all hell. Granted tech stocks have been leading heavily and prob the key reason spy has held up so well, I don’t think it’ll be lasting much longer. Overall spy has a range from 404/495 up to 417. Anything below an held below 404 is a clear short back down towards 380s.
This is the level we want to see break and if we do the short should be damn profitable.
Howver if spy can hold up at 404 support there is another chance for a rally back towards 416/417. It’s all going to depend on how the level holdsZ. Persnoalllt. Think we will break it but it doesn’t matter what I think just let the levels show us the way!
This is the level we want to see break and if we do the short should be damn profitable.
Howver if spy can hold up at 404 support there is another chance for a rally back towards 416/417. It’s all going to depend on how the level holdsZ. Persnoalllt. Think we will break it but it doesn’t matter what I think just let the levels show us the way!
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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.