the_sunship

Update on the markets - SPX

the_sunship Diupdate   
AMEX:SPY   SPDR S&P 500 ETF TRUST
All in the video - wanted to get it out quickly - good luck!
Komentar:
bears want this level held - 411.50 on spy. 18ma decides the bias - bullish or bearish going into fomc.
Komentar:
18ma reached, let's see the close
Komentar:
tlry and msos both positive today, watching the MJ stocks closely for a pop on news
Komentar:
overnight was a bounce back and the rsi on small/mid time frames are too low. I still expect something like this today - one more high on SPX/SPY at least. Banks may get the most lift on any rally....

Komentar:
if we do sell off with the announcement, there is structural support near 4115-4110 At this point I do think we'll go higher regardless of any sell off.
Komentar:
more chop, maybe this kind of ping pong
Komentar:
spy has a gap above, so something like this may occur. Best to wait for extreme low or high before taking a shot
Komentar:
pull down to make a divergence on the rsi still looks correct. I expect the market to sell with powell speaking, then recover and rally hard.

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