🔸️Ticker Symbol: SPY 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Neutral
TECHNICAL ANALYSIS: SPY looks to be setting up for a nice push to the upside if we can hold this level of support at $412. We are testing the bottom deviation level on our bull regression trend which in the past has acted as a strong level of support. We also have our white line which is money movement shifting to the upside. The key metric I want to keep an eye on is our middle band on the dashboard to switch from red meaning bearish momentum to green meaning bullish momentum giving us additional confirmation that the SPY could potentially see a bounce play back up to around the $430 level. Thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: SPY looks to be setting up for a nice push to the upside if we can hold this level of support at $412. We are testing the bottom deviation level on our bull regression trend which in the past has acted as a strong level of support. We also have our white line which is money movement shifting to the upside. The key metric I want to keep an eye on is our middle band on the dashboard to switch from red meaning bearish momentum to green meaning bullish momentum giving us additional confirmation that the SPY could potentially see a bounce play back up to around the $430 level. Thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.