Hey guys So right at EOD today the SPY pulled above the resistance line we have been watching for a few weeks. The green arrow represents my expectations. Since we closed above the resistance I'm expecting it to act as support. The yellow lines represent other possible situations you should watch for. Thanks! Good luck!
The slope of Netflix's current support is 100%/year. I personally don't see how this could be sustainable and I'm expecting the support to break, probably during this current approach. You could easily see this as an opportunity to go long, but that seems dangerous to me. What do you think? Please provide opinions, because I'm new to publishing ideas.