SPY - finished the week with the worst weekly performance of 2023, gapping up slightly into the key 200 EMA and 400 level to start the week. Looking to see how price reacts to this very important levels. A swift rejection and close below on the hourly would point to lower levels for the day, looking at pullbacks for short entries. While if we consolidate and then...
LICY approaching a extreme support area. we have seen 4 clear bounces off this zone! chances are this will be the 5th.
stop loss under 9, price targets are 11-12.42-14.34
goodluck! like and follow for more 💘
Price is now on the 100 and 200 day moving average lines. 10,5 is a great support level which was confirmed during yesterday's dip. This looks like a great opportunity to initiate a long term position with a target of 15+. Might want to wait for momentum to go above 0 just to be sure.
Price has tested that Downtrend resistance multiple times and is starting to test it again right before earnings tomorrow. A solid closing candle above the trendline may indicate the start of a new trend to the upside.
