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the_sunship
Sep 8, 2022 5:15 PM

The Powell pop - SPY OIL WHEAT GOLD DXY BTC Long

AMEX:SPY15
SPDR S&P 500 ETF TRUSTArca

Description

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Unexpected rally on Spy to 413 looks possible for next week. All the usual markets are covered. Wheat is still good but it's been a tough trade. Oil probably to 92 but it's possible one more low to 78-79 could happen first. Gold and metals I think continue the rally as DXY pulls back more. BTC same. Good luck!

Comment

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Still bullish but an alternate idea for spy is at the 9 minute mark

Comment

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if the market pulls back watch for this whipsaw tomorrow.
Chart PatternsTechnical IndicatorsWave AnalysisSPDR S&P 500 ETF (SPY) OilWheatcoldDXYBTCUSD
Comments
Tradersweekly
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Thanks for the video.
Faux_Pas
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Wheat doesn’t want to give up the ghost and as long as we are at or above 8.5 I’m just gonna sit on it
the_sunship
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@Faux_Pas, still looks fine
Faux_Pas
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Looking better now @the_sunship
the_sunship
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@Faux_Pas much! rsi still bothers me but it may work through it next week. I raised stops in case it falls apart as I mention in the video today
jareddavis321
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393 next
the_sunship
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@jareddavis321 I'd buy it
rb675
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Ecb raised rates first time since 2012
the_sunship
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@rb675, another sell down to about 393 or so is possible but up for next week is more likely in my opinion.
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