SPY with a Classic Restest

Traders,

In my last post I alluded to SPY. I stated that it remained in breakout territory which is still true today. I stated that as long as we remain above 450, I remain bullish. Still true. In fact, all that has happened here is that we have a classic retest of previous resistance taking place currently. If we break below, another story may unfold and I will have to re-assess. But as of this post, 450 is holding strong and the retest (if it holds) is yet another rather bullish signal.

Stay tuned,
Stew
blowofftopChart PatternsTechnical Indicatorspullbackretestsnp500snp500longSPDR S&P 500 ETF (SPY) Supply ZonesupporttechincalanalysisTrend Analysis

Stewdamus Trades -

Prophesying the price action of markets one chart at a time.

Crypto predictions, targets, how-tos, and much, much more!

Never miss a prophecy. Sign up for my free newsletter at:

stewdam.us
También en:

Publicaciones relacionadas

Exención de responsabilidad