TOMORROW COULD BE A HUGE DAY!!! SPY 04/18/2023
What a day lol
LONG: SPY is approaching a major zone, same as on Friday of last week. Last week it rejected, and dropped all the way to 410. If we can break through this major zone, we will hit resistance levels @416.51 and 418.04. If SPY pushes through the major 414.30-415.07 zone, I would like to see SPY continue to climb up and attempt to hit 431.25 as we seen in August, 2022.
SHORT: SPY rejected on the 414.30-415.07 zone last week and dropped all the way down to 410. If we reject this zone, I wouldn't doubt that we see 411, 410 and possibly 406 since 406 is a major zone.
News: Semiconductor production issues could have slowed SPY growth earlier in the day, as well as Bond Yield growth. We have NFLX and TSLA earnings this week.
COMMENTS: Remember to trail stop losses, check indicators, peek candle patterns and be sure to maintain your risk management.
LONG: SPY is approaching a major zone, same as on Friday of last week. Last week it rejected, and dropped all the way to 410. If we can break through this major zone, we will hit resistance levels @416.51 and 418.04. If SPY pushes through the major 414.30-415.07 zone, I would like to see SPY continue to climb up and attempt to hit 431.25 as we seen in August, 2022.
SHORT: SPY rejected on the 414.30-415.07 zone last week and dropped all the way down to 410. If we reject this zone, I wouldn't doubt that we see 411, 410 and possibly 406 since 406 is a major zone.
News: Semiconductor production issues could have slowed SPY growth earlier in the day, as well as Bond Yield growth. We have NFLX and TSLA earnings this week.
COMMENTS: Remember to trail stop losses, check indicators, peek candle patterns and be sure to maintain your risk management.
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