jdennis1258

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Markets Allocation
100 % stocks
Top Mentioned Symbols
MU 50% | 1 SPY 50% | 1
jdennis1258 jdennis1258 SPY, 1D, Short ,
50 0 1
SPY, 1D Short
Where I see SPY going within the year.

Markets are stuck in limbo between the 200 SMA and the 20SMA. If we do not start confirming an uptrend and break and hold above resistance line, I see SPY dropping down to the rectangle area within the year. if we drop and hold below current support line

79 1 3
MU, D
MU Bounce off strong support

https://www.tradingview.com/x/gifjcsxy/ Strong support between $26.00 and $26.50 on the daily chart. Some previous gaps happened at this level so I think its a key level. Since stochastics is in oversold levels I'm going to try to get in at the above mentioned price point and anticipate a bounce to somewhere around the $29.30 mark. If price ends up going below ...

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