SPY bullishly pushes higher
Bad earning, bad inflation and potential of higher interest scares it not.
I think its a bear rally and it will end up badly for the bulls.
It makes litlle sense, but when it does make no sense, you know something will happen.
Target seams to be 427
SPY formed uptrend pennant , bull flag and is ready for an impulse higher.
Then ABC correction to 383-393 area would make sense.
There is also a chance of SPY falling as early as next week.
Check Chart from May 2022, so perhaps market makers are trying to full the bulls....
Either move will be significant.
Good luck
Bad earning, bad inflation and potential of higher interest scares it not.
I think its a bear rally and it will end up badly for the bulls.
It makes litlle sense, but when it does make no sense, you know something will happen.
Target seams to be 427
SPY formed uptrend pennant , bull flag and is ready for an impulse higher.
Then ABC correction to 383-393 area would make sense.
There is also a chance of SPY falling as early as next week.
Check Chart from May 2022, so perhaps market makers are trying to full the bulls....
Either move will be significant.
Good luck