in the short term we are pushing on resistance now yesterday we saw a break to 478 if enough volume comes today we could see a repeat
also worth noting we bounced off of the 200 day MA today "purple line"
It appears to me that the SPX has formed a cup and handle pattern with a measured price target of $6,158.2. It will be interesting to see how this plays out. This is not financial advice, nor is it for your educational purposes. I am simply sharing my ideas to preserve them for myself and get feedback from others.
Sector-Financial/Banking ETFs Log Second-Largest Weekly Inflow This Year
Technicals:
Trend
long bullish
Trend continuation confirmation
During LSEG Lipper’s fund flows week that ended June 21, 2023, investors were overall net redeemers of fund assets (including both conventional funds and ETFs) for the first week in three, withdrawing a net of $29.7...
The Spy seems like it needs to cool off. The EW is giving a signal for the end of the 5th wave. I am expecting a drop with a Entry 415.52 down to the Target of 405.13. Please do not do forget to set your stop loss!
Here are some obvious trading patterns that SPY has been trading lately.
In Cyan , we have a bear flag. The size of the flag channel matched the breakout.
In dark blue , we have a failed bullish pennant. The size of the flag channel matched the breakout.
By following the basic guidelines of the formation, anybody is likely to win.
I have made a couple of...
for tomorrow 9/9/22. we probably see a pull back to about 398.
you can see 400/401 is a key level. we are in a well defined range and its probably not till Tuesdays inflation numbers we see a break out of this range. anything can happen but thats my game plan for tomorrow.
this week it was still hawkish, but not as stern. i think they continue to say what we...
HEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple...
Video breakdown on all major ETFs. They are all showing the same setup, which in some ways concerns me. Some catalyst needs to be seen in the near future as we are sitting on major supports.
