Today $SPY bounce off from the support line after wallstreet turns bullish in the market with no positive news. i mention this before from the last analysis, that market could bounce around the support line.
the support line is very visible on the 1hr, 4hr and Daily chart. its also very visible that market is making lower highs ( see my trend line in chart ) a possible sign of short term bullish before it head back to
lower again. keep in mind also that FAANG stocks is following the same chart pattern and trend line with SPY. to continue its momentum SPY needs to break the resistance around 437-440 to continue its momentum.
Overall market still looking bearish. swinging will be tough specially with geopolitical issue going on that could shake the market anytime of the day even in pre
Day trade or scalp target play: 03/ 10 /22
Buy call above 430.34 sell at 433.07 or above
Buy puts below 424.65 sell at 421.89 or below
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
the support line is very visible on the 1hr, 4hr and Daily chart. its also very visible that market is making lower highs ( see my trend line in chart ) a possible sign of short term bullish before it head back to
lower again. keep in mind also that FAANG stocks is following the same chart pattern and trend line with SPY. to continue its momentum SPY needs to break the resistance around 437-440 to continue its momentum.
Overall market still looking bearish. swinging will be tough specially with geopolitical issue going on that could shake the market anytime of the day even in pre
Day trade or scalp target play: 03/ 10 /22
Buy call above 430.34 sell at 433.07 or above
Buy puts below 424.65 sell at 421.89 or below
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.