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KhanPhelan

Khans SPY Outlook - 03/23/22

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
KhanPhelan  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Supply and Demand Trend Lines SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) spylong spy500
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supplyanddemand trendline spx spy spylong spy500
We are heading into Day 6 of the reversal-squeeze. Futures are slightly red and i would assume that the price needs to consolidate a bit/re-test the DEMA 100 and form a new Base.
The next resistance above is a pretty strong one and i doubt that it will be broken today.
Possible little Bull-Trap in the morning, so watch out.
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