jamison.gaddy

4% upside into resistance on monthly broadening wedge

AMEX:SPY   SPDR S&P 500
No need for an explanation
S&P is at the top of two year range. I am long the market (Russell 2K and S&P) since May 20, but the odds do favor a significant move back down. The rally up has been very strong and there is no topping pattern as of yet. No bear momentum. My upside target is 219.06, so your projection of 4% makes sense to me. But it could begin to fail at any time; it's the stock market.
Reply
Nice
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out