$SPY ALWAYS ASK YOURSELF - WHAT IF?
WHAT IF I GET A CHANCE TO BUY INTO A BULL MARKET ON THE CHEAP?Well that would be where you SET Your ENTRY Where MOST People Set Their STOP Loss.STOP LOSS = MAJOR MOVING AVERAGES OR FIB RETRACEMENT LEVELS.AS OF JUNE 3rd We are JUST TESTING the 8-EMA.STILL ABOVE IT!If we BREAK IT then We must RESPECT The 21-EMA at Level 1 = $742.Level 1 = $742 (Profit Takings, OIL SPIKE, Yields Higher, Supply Driven IPOS Forcing SALE of SEMIS and MAGS.Level 2 = $710 1.618 FIB RETRACEMENT + 50DSMA. MAJOR LEVEL!Ideally - Perfect World IMOWe Pull Back to $742 by 12/13.Clear some oil risk war premiums with CPI/PPI being higher but NOT the worst Possible.Then WARSH is NEUTRAL NOT HAWKISH and we can REBUILD INTO JUNE 19th to JULY 25th GAIN WINDOW. BACKED UP BY $Micron Tech(MU.US) EARNINGS 6/25, SK HYNIX and SAMSUNG IN JULY.NFA.... @grokThe 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