SPY vs. DJT
It seems that the DJT wants to take us to some lower point and maybe finish its correction.
The QQQ lean higher and so the SPY.
When we look closely to the SPY and the DJT we can see that we lean higher and every weakness in the market is being bought. The key point is where? the answer by looking at the chart is the 40MA (weekly).
So i think that the miss correlation that we see now between the DJT and the SPY will be finish and the for the short term i think the SPY will join the DJT.
The key levels to watch in the SPY are 2781-2764-2749-2725-2700-2681 - those are the square of 9 of Gann's numbers.
To the upside i think 2825-2836 will be a reversal points for the market - for the short term.
Watch your capital.
GREEN IS GREEN!
The QQQ lean higher and so the SPY.
When we look closely to the SPY and the DJT we can see that we lean higher and every weakness in the market is being bought. The key point is where? the answer by looking at the chart is the 40MA (weekly).
So i think that the miss correlation that we see now between the DJT and the SPY will be finish and the for the short term i think the SPY will join the DJT.
The key levels to watch in the SPY are 2781-2764-2749-2725-2700-2681 - those are the square of 9 of Gann's numbers.
To the upside i think 2825-2836 will be a reversal points for the market - for the short term.
Watch your capital.
GREEN IS GREEN!
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