GLD has hit major resistance around $145. In addition, it is forming a shooting star on the weekly chart.
After three months of green weeks, GLD is definitely due for a correction.
It will likely find support around $136
If we zoom out to weekly candles we see that SPY is still trading just above the 50 dma and way above the 200 dma.
The last two weeks show a doji candle followed by a bearish engulfing candle. In addition, we opened this week below what is now resistance at $288.
I believe we will see SPY test the 50 dma (~$280) by the end of the week. At that point I would sit...
A lot of big money has been pouring into Zcash in the past year. If you look at the volume, more people are trading it now than during the crypto craze of December 2017.
The important thing to note is that volume is increasing as price increases.
I think we could see a return to the $300 price area this year.
Watch out if SPY breaks through the top trendline in the coming days.
It will likely find support at the 200 DMA before continuing to the bottom trendline.
In the unlikely scenario that SPY continues up past $301 we could see a small bull run.