APRIL WILL END GREEN - VERY IMPORTANT WEEK

Long

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

Everyone has plans of reopening and the Fed is issuing another 500 billion. Once the news comes that there isn't a vaccine insight, cases start emerging again and more defaults are when you want to push out the money for shorts. Till then remember options are depreciating assets if they are not moving your way you don't want them. This market is trending up as long as that triangle stays intact.

Comment:

Note the Cup and Handle that formed and the triangle wedge.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.