$SPY in a very similar set up as $NVDA in my last post.
Bullish wedge on the weekly in pink & double bottom on the daily in yellow. Price targets are green lines and stop loss for me would be the red line.
Based off the weekly I'm bullish on $SPY on a very macro level. I think we trend upwards this week (maybe a couple days into next week to make a new higher low). Price target for this week is $430 with an aggressive high of $444.
On a different note. After taking a look at the bullish wedge on the weekly go see if you can find something similar around July 2008 and see what happened next:/. May shed some light on what's to come *cough cough a recession
Not financial advice.
Bullish wedge on the weekly in pink & double bottom on the daily in yellow. Price targets are green lines and stop loss for me would be the red line.
Based off the weekly I'm bullish on $SPY on a very macro level. I think we trend upwards this week (maybe a couple days into next week to make a new higher low). Price target for this week is $430 with an aggressive high of $444.
On a different note. After taking a look at the bullish wedge on the weekly go see if you can find something similar around July 2008 and see what happened next:/. May shed some light on what's to come *cough cough a recession
Not financial advice.
Comment:
having some trouble getting through that 415.63 resistance but pattern still in play. Let's see how tomorrow's PA plays out.
Comment:
took a couple days but we're getting there.
PT still 424, 429.
PT still 424, 429.