$SPDR S&P 500(SPY.US) $712 is CLEAR COVID CHANNEL RESISTANCE.
CAN WE GO HIGHER - YESWITH FOMC DRIFT......This is the HOLD in place Drift Right into FOMC.So Drift Outward while sustaining $710 ish.That Allows Price to Go Higher UP The Covid Channel without Resistance, which $712 Clearly is.$VIX is 20 to 18 - If Market Makers SUPPRESS VOL Like they did NOV to DEC we can just Drift to the Right.Obviously WAR NEWS HEADLINES IS DRIVING MARKET ALGOS SO IT'S A COIN FLIP HOW WE GO FOR THE NEXT FEW DAYS UNTIL FOMC/EARNINGS DECIDE THE PATH FORWARD.Source: Jim
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments