igord2

SPY/SPX 2022

Long
igord2 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
A bottoming wedge has developed in recent months .. so while I am fundamentally bearish, the chart suggests we may see a final bullish top/wedge int the end f the year.
End of the year seems significant in many markets.
While we are still not in the clear until we break out of bearish patterns, I'd go long here..
Comment:
It looks like symmetric triangle is forming, we may yet see +500 this year
s3.tradingview.com/s...shots/b/BF4dR6kJ.png

If you are one step ahead of the crowd you are a "genius" and you make money off the crowd, if you are two steps ahead you are a lunatic and you lose money not being able to sync with the crowd, if you are three steps ahead - better find a new planet :)
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