ALL ROADS LEAD TO $PY
I am feeling Bullish Monday for SPY. After the heavy selling on Friday.
The 4-hour chart shows a DOJI well stablished by a small green candle that start to show momentum. On the smaller time frame, it is rebounding on the support line at that level.
Supporting actions in relation to prediction:
1. Downtrace was not able to push lower than 50% in the FVG.
2. The lowest point once the great FVP was established was 585.43 and was not successfully broken at market close. Instead, it closed with the candle sitting above.
3. NVDA just rebounded at the small trendline created.
4. TSLA just rebounded at my last prediction price of 301 up, creating a sustainable support in that area to uptrend.
5. APPL is respecting a minor trendline within the 195 to 219 and starting to create a cross between 50 and 200 MA.
This indication seems that the companies will push the SPY level up next week.
If the SPY rejects this analysis I would wait until it reaches the 575/578 area for a push up.
(If it goes below of 568 may the market gods be with us.)
The 4-hour chart shows a DOJI well stablished by a small green candle that start to show momentum. On the smaller time frame, it is rebounding on the support line at that level.
Supporting actions in relation to prediction:
1. Downtrace was not able to push lower than 50% in the FVG.
2. The lowest point once the great FVP was established was 585.43 and was not successfully broken at market close. Instead, it closed with the candle sitting above.
3. NVDA just rebounded at the small trendline created.
4. TSLA just rebounded at my last prediction price of 301 up, creating a sustainable support in that area to uptrend.
5. APPL is respecting a minor trendline within the 195 to 219 and starting to create a cross between 50 and 200 MA.
This indication seems that the companies will push the SPY level up next week.
If the SPY rejects this analysis I would wait until it reaches the 575/578 area for a push up.
(If it goes below of 568 may the market gods be with us.)
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