Spy heading to 465.. . then 470...
As I have been stating for a while, it it not a BEAR market.
I expect Monday to be a Green day and a GREEN week.
I will not be surprised if it gaps up on Monday.
There is a resistance at 445 range but it will break through.
We will see 470 before we see 420s..but first we will touch 465 first.. One step at a time..
The stock market moves are not logical. If it was, it won't be at this price right now.
So the employment reports, inflation, UKraine crisis, Covid, etc.. is all irrelevant. Only thing it matters is PRICE action.
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Are you being led by Jesus or you? Bible says only if you are led by Jesus, you are a Christian. If you are not, I recommend you get baptized with the holy spirit. Holy spirit is Jesus.
Romans 8 14 New International Version
For those who are led by the Spirit of Jesus are the children of God.
I expect Monday to be a Green day and a GREEN week.
I will not be surprised if it gaps up on Monday.
There is a resistance at 445 range but it will break through.
We will see 470 before we see 420s..but first we will touch 465 first.. One step at a time..
The stock market moves are not logical. If it was, it won't be at this price right now.
So the employment reports, inflation, UKraine crisis, Covid, etc.. is all irrelevant. Only thing it matters is PRICE action.
________________________________________________________________
Are you being led by Jesus or you? Bible says only if you are led by Jesus, you are a Christian. If you are not, I recommend you get baptized with the holy spirit. Holy spirit is Jesus.
Romans 8 14 New International Version
For those who are led by the Spirit of Jesus are the children of God.
Comment:
Update: The price had a parabolic move from 435 support line and broke through 444 resistance line. It reached 447 price target and went below 444 and is now sitting on top of 444.
The 444 resistance line became the new 444 support line.
The exact price of the new support line is in the range of 443.96 to 444.18. The next price target is 452 - 455 range.
The 444 resistance line became the new 444 support line.
The exact price of the new support line is in the range of 443.96 to 444.18. The next price target is 452 - 455 range.
Comment:
Update"
Stock Market is here to make money and not give it to you.
when the stock price was around 447 - 450, probably lot of shorts sold their position out of fear and many probably bought calls for long position.
Then the price took a big dip down, and out of fear, people that bought calls probably sold their position at a loss. And people who have sold their short position probably complained how they screwed up.
What to expect tomorrow:
It will probably close at 444 range tomorrow, so this saga has to wait until Monday. A big dip down on Monday or big dip UP on Monday.
Stock Market is here to make money and not give it to you.
when the stock price was around 447 - 450, probably lot of shorts sold their position out of fear and many probably bought calls for long position.
Then the price took a big dip down, and out of fear, people that bought calls probably sold their position at a loss. And people who have sold their short position probably complained how they screwed up.
What to expect tomorrow:
It will probably close at 444 range tomorrow, so this saga has to wait until Monday. A big dip down on Monday or big dip UP on Monday.
1 It hit a key critical resistance point. Now 480 is in the table.
2. The stock will pass 445 straight through or it will bounce around the resistance at 440 - 442 and then bust through 445.
3. Bye to 420 .. hello to incoming 466...
4. If you were shorting, better to cash out before the next leg up.
There is only one teacher who I learn from. His name is Jesus. He guides my life and I live and die for my Lord and Savior who came to die for my sins. As Jesus commanded, share the gospel to all living creatures and baptizing them in the name of the father, the son, and the holy spirit.