SPY pushed all time highs last week with Friday creating a potential lower high If our low breaks at 381.84 a retest of 380.59 would make sense potentially getting as deep as 378.46
If we have a strong morning and we maintain Fridays closing low at 383.80 we can push all time highs. Long target is 393.37
Things to keep an eye on are rotations out of IWM into tech and the VIX sitting above the covid gap. We also have earning coming out this week.
If we have a strong morning and we maintain Fridays closing low at 383.80 we can push all time highs. Long target is 393.37
Things to keep an eye on are rotations out of IWM into tech and the VIX sitting above the covid gap. We also have earning coming out this week.
Komentarz:
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selling into resistance will add if we break
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We are still rotating into tech names
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We loaded the 378.46 level as it hit it to the penny with 1/3 of my risk we added as we started to structure up
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taking profits as we should get a higher low before we continue up will add on the low
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380.59 is the level to watch and sustain
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a possibility we go green after this dump...
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found resistance at the Trendline that took it down
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we went green after our morning dump move mission complete will make a plan for tomorrow
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SPY pre market is at the highs if it can beat 384.65 our long target is in play
SPY pre market is at the highs if it can beat 384.65 our long target is in play
Komentarz:
lots of resistance at our level to beat which sent it down into a gap level i think we bounce here and re test our upper level