SPY FROM HERE - thoughts


I will begin this weekend to create a plan to play all 3 of these possibilities.
Mar 29
Comment: So at this point, looks to be EIHTER blue or Pink
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I'm concerned about this Resistance on the 50 period (D) moving average. Perhaps the tape will tell tomorrow if we are going to get a push. Otherwise, my Exit is going to have to come down some considering this Trading Plan was just a Swing Trade.
Blue line it is @Reallifetrading !
I believe SPY will eventually retest the high it may take about 3-4 months then it will pullback I predict we will hit a recession this year! I plan to short SPY once it retests the high.
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MGRoberts MGRoberts
@MGRoberts, This is based on my research on the SPY in my book "Discovering The Pattern"
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@MGRoberts, Noted. Thank you for the intel sir. WE Shall see... : )
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I like these squiggles a lot ;)
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@brianweber, I second that!!
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100% agreed!
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