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SwallowPremium
Feb 4, 2023 5:26 PM

SPY waiting for small correction 

SPDR S&P 500 ETF TRUSTArca

Description

Hey guys!

From now on we will be doing some TA on stocks as well. Let's take a very brief look at that. We have reached that upper resistance zone where we expect a smaller kind of correctional movement towards 200EMA. There we would be looking for a possible long position

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Yours Sincerely,

Swallow Team


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Comments
Luck264
Good try 😂. I understood you have 400 puts those are expiring soon 😂
SwallowPremium
@Luck264, Well market has been pretty hawkish recently and we see a good chance of a correctional movement to happen. Will be interesting what Powell will talk tmrw
linofx1
perfect
SwallowPremium
@linofx1, Thanks))
elenaec
going back to $400 ???or lower ?
SwallowPremium
@elenaec, We see a chance to reach $400 in few weeks from here or even earlier
elenaec
@SwallowPremium, i hope so , we need that
InvestMate
Thanks for the analysis, I appreciate the time spent to prepare it
SwallowPremium
@InvestMate, Not a problem at all))
TheTradersAvenue
Good analysis mate!
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