guys let be honest here, yes the market rallied back, but we all know this is not going to last for to long, we aren't in a simulation,
we all know what happened right here, no company is making money, simple end of story, we don't need to be analyzing anything else,
My target for the SPY is $182 +/- yes we are in a rally but after the faster dip ever,
Earning are going to be reported every week, apple, Microsoft and google next week, we will see what will happen after these earning, specially after apple since most traders trade apple and is a very good reference for tech companies,
we might keep going back up but we have 3 extremely strong resistance on the weekly chart, 284 previous support, 291 the 21 weekly ema and also pivot support and one last pivot support at 302 and "300" is a full number,
but we will be going back down do not get caught in the hype, be ready for the market to turn around at any time, specially if we break the weekly uptrend line,
My target of $182 is my YEARLYY target this wont happen over night but i will be definitely playing this trend,
be safe traders
we all know what happened right here, no company is making money, simple end of story, we don't need to be analyzing anything else,
My target for the SPY is $182 +/- yes we are in a rally but after the faster dip ever,
Earning are going to be reported every week, apple, Microsoft and google next week, we will see what will happen after these earning, specially after apple since most traders trade apple and is a very good reference for tech companies,
we might keep going back up but we have 3 extremely strong resistance on the weekly chart, 284 previous support, 291 the 21 weekly ema and also pivot support and one last pivot support at 302 and "300" is a full number,
but we will be going back down do not get caught in the hype, be ready for the market to turn around at any time, specially if we break the weekly uptrend line,
My target of $182 is my YEARLYY target this wont happen over night but i will be definitely playing this trend,
be safe traders
Comment:
time to start looking for a short entry on the SPY's, shorting under $270