SPY gained 0.65% on Friday for its sixth straight record-setting advance. The Nasdaq Composite gained 0.6% to close at a record high, while the small caps IWM was up 0.85%
All 11 S&P 500 sectors closed in positive territory, with leader energy (+1.9%) and the laggard health care sector (+0.2%).
SPY has now broken through the weekly upper trend line.
If the re-opening trade finally kicks in, the trend will likely accelerate.
Thank you Insyyte. Amazing analysis as always.
Did you get back in BTC given the break a few hours of the trend line you last posted? What are you looking at for support? I am deciding whether to increase my allocation.
insyyte
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@valentinoamoro, I was never out of BTC. An add-on on break of resistance line has merit. S/L for BTC is at 11335 for this trade. I like how ETH, LTC etc. are perking up.
Did you get back in BTC given the break a few hours of the trend line you last posted? What are you looking at for support? I am deciding whether to increase my allocation.