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Bounced off of .618 Fibo Line and Mid channel both of which are acting like a support. More realistically and preferably we gap up to 328 and run for the rest of the day. With bullish earning performance from MSFT and TSLA After hours today, we could run to ALL TIME HIGHS by EOM with more and more companies beating earnings indicating a healthy market. I'd really prefer volume with it to sustain any levels. Lets not forget the declining volume on the daily chart . Short term I'm an extreme bull. Long term bearish . I will be buying VXX calls and SPY puts and 339 if the Feds get us there. Please do leave a like if you agree or appreciate the chart and analysis. The bulls are dominating the market. Don't fight the trend... Follow it. AMEX:SPY NASDAQ:MSFT
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Like if you agree!
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This guy optionsensei is crazy with his callouts! Anywhere from a 15% to 1000% gain on his plays.
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Good insight with evidence...both short and long term. Market did not react as much to MSFT positive earnings...but still we saw > 327 early after SPY open.
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