SPY Update! Looking attractive here. The trend is a good friend.
SPY had been on this strong up trend since the COVID plummet in March 2020. On this chart you can see how it broke the regression trend to the downside.
How low... can you go...?
Notable things to watch:
- The gap that MAY! fill at $400 that can be seen on the daily & weekly time frames.
- FOMC this week; for shits n' giggles.
- Short term outlook - on the Daily time frame the 200 sma (in red) is sitting in the $400 area where the gap MAY! fill.
- Long term outlook - on the weekly time frame you can see that the 200sma (in red) is coming up on the 61.80% ($318.17). (chart attached below)
Just ride the trend & enjoy the ride but use proper risk management. Its all about the journey & the mulah is a by product of it all.
This is not financial advice. This is to be taken as my opinion only!
How low... can you go...?
Notable things to watch:
- The gap that MAY! fill at $400 that can be seen on the daily & weekly time frames.
- FOMC this week; for shits n' giggles.
- Short term outlook - on the Daily time frame the 200 sma (in red) is sitting in the $400 area where the gap MAY! fill.
- Long term outlook - on the weekly time frame you can see that the 200sma (in red) is coming up on the 61.80% ($318.17). (chart attached below)
Just ride the trend & enjoy the ride but use proper risk management. Its all about the journey & the mulah is a by product of it all.
This is not financial advice. This is to be taken as my opinion only!
Catatan
Catatan
Interest Raised: 25 basis points...6 more ahead?🤔
Catatan
Daily👈🏽
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