SPOT is headed to 400/470 before June 2025 in my humble opinion.
I have highlighted in green, the area where VPA concepts imply bottoms, which are coincidentally on the daily MA50. This is bullish.
I also like that this ticker is strong on ES and NQ weak days, and is pretty stable usually on the ES and NQ stronger days.
I like the contracts at lows, some people like to short at supports hoping for a breakdown.
"when in doubt, zoom out" - Larger time frames are still bullish, and you won't catch me shorting this stock.
Not financial advice, Thoughts of July10,2024