Hello,Traders! SPY(S&P500 ETF) is trading in a uptrend Along the local rising support line And is retesting the all-time-high resitance level IF we see a breakout of the rising support Then SPY will make a bearish correction move down Sell! Like, comment and subscribe to boost your trading!
with all respect I disagree, we will see a correction for sure, but I expect it hits 472-473 Monday or Tuesday and then a pull-back to 460$ is very possible. but QQQ will start decline Monday morning. let's see
SignalProvider
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I have the same view on S&P500 Well done
tilebender365
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isn't this a bull flag?
ludeke
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Bro, it looks prety BULLISH to me. :-) First We are in "Santa Claus really" Second it could be considerd as a double top or side way pause. Volume is diminishing = accumulation? I agree it coul go down, however, considering market entirely I am Bullish.
MMBTtrader
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we can expect some range and correction here
InkyGrip
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Very detailed analysis! +++! 💥🦐
PetrNad
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With the current tapering from FED + plan of an interest rate hike, this is not possible in my eyes, but why you do not focus on long-term buying S&P 500 or any ETF following S&P 500 gains? Like Vanguard, etc... 80/20 rules works... 80%impulse, 20% correction,... Do you want to catch 20% pullback - correction or 80% impulse? Think about it..
but QQQ will start decline Monday morning. let's see