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.
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having some trouble getting through that 415.63 resistance but pattern still in play. Let's see how tomorrow's PA plays out.