Pennant
Watch for a breakout or rejection....
Vix is fighting on prior resistance now support.
Like I said before tech will lead the way ..
Spy will really take the leg up if QQQ jumps over 297.
If we reject and head lower , this pennant could turn into a bear pennant if we break support that would likely take us to 390...
Spy is neutral until it breaks out or breakdown.
I'm long with a 396 stop
Watch for a breakout or rejection....
Vix is fighting on prior resistance now support.
Like I said before tech will lead the way ..
Spy will really take the leg up if QQQ jumps over 297.
If we reject and head lower , this pennant could turn into a bear pennant if we break support that would likely take us to 390...
Spy is neutral until it breaks out or breakdown.
I'm long with a 396 stop
Note
50sma crossed below 200sma (Deathcross) on 1hour time frame today...Go check the track record on how that played out last 3 times
Note
400 is pennant resistance....Things are looking bullish.. let's see what happens
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.