SPY brief rally before heading lower

2022年9月28日

Based on my limited knowledge. To me I see a brief rally to 377-380. the trend line on 15 min chart broke today with then end of the day rally. Even though we are below the highs of the 23 of Sept. I still feel with a bullish MACD and the massive sell off over the last few weeks that its reasonable to achieve 380.

News in England as well with the pivot I am sure with have some short term positive gains for the market. I Don't believe the fed will pivot anytime soon, But news is news.

I don't think this is the start of a rip your face of rally. just a rebalancing of prices before the next leg down.