Jbridgez

S&P500 aka the SPY

AMEX:SPY   SPDR S&P 500 ETF TRUST
warning- horrible messy chart. lets just get into it. some have pointed out what looks like an inverse head n shoulders and the babyblue lines measuring the measured moved funny enough does take us to the main down trend resistance line (dashed gray line) do we get there, idk. but it made my chart more ugly be better for a video where i could remove it. there are some indicators that even if that move happened we could know if it wa bologna and expect some fireworks if it got there. or if it really had legs. earnings and fed stuff will be things to watch for. i also just wanted to archive this. my goal from 368 and really 358, has been 380. then 389/390. if 380 can hold as support and we see follow through with volume, breaking below 378 would really means something has happened and pay have paused this move and..yeh..no more. for then. in that situation. ill keep it breif 378-380 holds thats a good sign and any aggresive moves and short squeeze action would likely bring us to next target 389/390. before going either higher from there. or rejection. just thought the measured move wass interesing esp how it led up to some key price points and the major down trend line at the top. which if we got there watch for some acion. its late hope you enjoy. better more cleaner post in the future. cheers

edit not saying this will happen just what im seeing online but yes it could. also purple MA is the 50. blue 200. grey 800. and we're right at the 50. for tomorrow id expect a pull back and over all chop day for wednesday. unless some crazy news breaks. also apple shopify and amazon report Thursday. those will be important. and these days good is bad bad is good. happy tradeing, pay ya selves!

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