I Still think this is a Level of Importance. This level has shown strong significance time and time again. Will the Spy Bounce or Break, I don't know. But I am leaning more Bullish because of all the confluences showing up on the chart.
One: We are in a descending Channel
Two: That Descending Channel looks to be completed and is now forming...
(Whispered) what if.........what if........The SPY-yyy.........went down another 10-13 percent?
(Shouting) IM NOT SAYING IT WILL-LLL!!!.......But, WHAT IF-FFFF!!!.
Shxt Just got real. In My last post I showed how the SPY was just 2% from when the C-Bomb crash happened. Welp, After that nice Blast Off Rally we had, The SPY had to make a U-Turn , because it forgot that it needs money to take a trip to the moon and took back all the gains. Now we are now sitting at that same line as resistance.?
My RSI also shows Probability of...
We are just under 2 percent from the C-Bomb of 2020. This will be a Very Volatile Move in history to decide which way the market will go.
Bulls: Will it Bounce
or
Bears: Will it Collapse
Since I've started posting, I've notice that Im not the best at short-term analysis and struggled with patience which lost me a bit of money . So Im sticking to higher time frames to slow myself down, day-trading is not for me lol. But what I did see is that, just like a lot of things in this world the market follows the same rules of 3. Over and over I find...
-To my eye, Doge and other Cryptos are looking Bearish and could lead to being a Bull trap.
- For Doge to stay bullish. Doge must break above and retest (BULLISHLY) to continue higher.
-For now, I see a bear flag and bearish structure forming.
OutLook for: Doge and Bitcoin
Short-Term = Bullish play
Mid-Term = Bearish
Long-Term = Bullish...
My look at what I see on AMC, some of you might not like this ...ok. I'm not here to force the market in the direction I want.
But for those of you that see value in my opinion, ... give a (Like)
Short-Term Bearish
Long-Term Bullish
...
AMC has bounced off our main 618 level nicely and is now pulling back to another but smaller 618 Fib.
If AMC bounces here, that will be my confirmation to add a little more and to stay Long.
Let's see what happens tomorrow. 👍🏾
