Bullish signals on the hourly - Bull Flag on SPY

2023年11月2日

Looks like Spy is indicating a massive bullish flag on the technicals. With the recent catalyst that the Feds may be done hiking rates for the foreseeable future, a break up may be imminent. That being said, economic data on inflation and a robust economy are still threats that can change the course of the recent dovish sentiment of the markets. Key levels for breakouts would be above 432 levels. Let's see how it plays out.