SPY Top?
SPY reached the top end of its ascending wedge it has been forming since October of 2023. QQQ is also in a similar spot, I'd expect a failure here. I've been expecting failures, but resistances keep getting broken, so I'll be cautiously optimistic about a failure here. VX is still showing strength, which I find odd. It may be telling of what's to come, but the trend is up for now.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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