MikeSpy

SPY following its bullish path, watch for resistance

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
We got some big resistances up ahead at 4000-4100, I think we may be able to reach those levels or at least we can test the upper target I initially placed. I expanded yellow channel and the resistance is drawn in red indicating the overhead.

We can run into horizontal resistance and get stalled by a 75 pt rate hike next wednesday, Overall I don't think we will go bullish for too much longer. I am keeping an eye on the channel to see how it plays out.

Overall we are looking bullish for the short term.

Just my opinion.
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