$SPY just chillin... waiting for a break of this consolidation
Honestly nothing much to see here on $SPY, as it has just been good for scalps or DT in the past few days.
We will need to see a break above to ATH to make a move higher... duh... but make sure you are not getting faked out if it starts to have low volume during a push to upside.
Now for the downside, a break below 474 can send this thing down to 470.5, but I am sure many will scoop that dip up quickly and it will be a short lived dip.
Watch names like $AAPL, $MSFT, $AMZN, and $GOOGL, who will all have a large influence on where this thing heads in the coming weeks.
We will need to see a break above to ATH to make a move higher... duh... but make sure you are not getting faked out if it starts to have low volume during a push to upside.
Now for the downside, a break below 474 can send this thing down to 470.5, but I am sure many will scoop that dip up quickly and it will be a short lived dip.
Watch names like $AAPL, $MSFT, $AMZN, and $GOOGL, who will all have a large influence on where this thing heads in the coming weeks.