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Ana_NSr
Dec 22, 2022 11:47 PM

SPY potential re-accumulation pattern forming. Long

SPDR S&P 500 ETF TRUSTArca

Description

Credits to CheddaFreeze who thought me this. Says we need more data to be confident in the development.
Comments
CheddaFreeze
Crushed it!
Ana_NSr
@CheddaFreeze kinda eh lol
CheddaFreeze
@Ana_NSr, you nailed it! Bravo!
Doomsman3
We are going to break a year long trend that has been respected everytime we touch the topd of the channel plus weve been riding the tip top of that channel all month. Its just time to break down and cool off from that nice run up we had all month. I can see even a green day tomorrow but to say we have a good chance of riding back to ath. When data for almost everything cpi,ppi,gdp, hpusing, nonfarm payrolls etc. have been negative an unprecedented ampunt of times vs positive in the last year is kinda crazy. But hey it does have a chance to break back to ath just dont know how small it is myself.
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