SPY set to meet resistance

If one looks at the market through the SPY this Tuesday, one can see that the index is set to meet a resistance cluster near the 270 mark.

If that level gets passed, we can confirm that the bull market has resumed and the recent "slump" was just a retracement on a larger scale.

However, if the resistance holds ground, another retest of the recent lows might be possible.
交易结束:到达目标: Done. 270 reached. Now watch the next developments near that mark.

评论: 275 holds together with the 200-hour SMA. Watch that to be broken. If that occurs, 280 is the next target where the monthly pivot point is located at.
评论: The resistance was broken. That indicates at a continuation of the surge.

Check out our Webinar YouTube channel

Check out our trading platform:
This is a good contrarian view but I think that the drop is over there are a lot of people saying that we are over sold and volatility will be slowing down. The only thing that might cause a sell off again is inflation numbers because of the discount calculation but I am playing it long for now until maybe December.
+1 回复
Dukascopy Jnate189

We kind of see that the VIX ETN deal should end, and then clarity will unfold. The event is planned for the 20th of February, when Credit Suisse ends the note. By then the index should either break to the either side or get squeezed in with the two seen trend lines meeting on the 20th.

However, the analyst, who is looking into equities, personally is tilted to the bullish side. Due to the fact that the whole slump was created by a systematic issue, and the technically dominant pattern is still bullish. That is also consistent with the yearly equities forecast that we published at the start of this year.

One thing is for sure - there will be some more volatility, and with proper risk management traders can cash in on that, if they react on time or set up their orders properly.

By the way, why are you long until exactly December?
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出