BingoMoney

I'd say it matters but

AMEX:SPY   SPDR S&P 500 ETF TRUST

honestly does anything matter anymore?...

anyways, point is we have entered the channel occupied pre-covid. We have already hit it's ceiling (see hand pointing)

Now we test the bulls. If support holds mid-channel. we will probably begin an attempt to enter the sur-channel region, just above the 230's.

I believe we won't initially hold 310 however, given the psych-influenced support built around whole numbers especially round-hundreds. this will also toss creedence to the 50 period ema which is sitting comfy just above the channel floor.
Comment: I meant 320's, not 230's.

Comments

@BingoMoney so your headline is "I'd say it matters but" and you begin the post with "honestly does anything matter anymore?".
Does this ring any logical bell?? I thought so. So why even bother posting such nonsense? Thank you!
And now to your question - no, even the channel you point out doesn't matter anymore. Its all wishful thinking, nothing more. Its looking for reasons for one side or another. Technical analysis is not being respected as it used to under current covid conditions so i would recommend to look deeper on not looking at all.
Reply
BingoMoney targetismoving
@targetismoving, Sir, this is a Wendy's.
+2 Reply
scheplick BingoMoney
@BingoMoney, This is comment thread is hilarious :)
+1 Reply
BingoMoney scheplick
@scheplick, Cheers m8! a good laugh goes a long way :)
Reply
merkd1904 targetismoving
@BingoMoney a man of culture i see.
+1 Reply
merkd1904 targetismoving
@targetismoving no need to poo poo all over it. If you don’t like it don’t read it.
+1 Reply
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