SPY forming a bearish rising wedge here on a larger time frame after strong buy side pressure has brought the index to all time highs.
We have left a gap below us around 5640 and we may see this fill in the near future.
Currently I see strong support below us at the CC golden pocket retracement zone at the daily 5400 zone. This correction may occur as market participants de-risk moving into elections.
I would welcome a nice pullback of 6% - 7% to this zone and add to my positions.
To me, this may be the last local pullback before a big rally post election.
We have left a gap below us around 5640 and we may see this fill in the near future.
Currently I see strong support below us at the CC golden pocket retracement zone at the daily 5400 zone. This correction may occur as market participants de-risk moving into elections.
I would welcome a nice pullback of 6% - 7% to this zone and add to my positions.
To me, this may be the last local pullback before a big rally post election.
Nota
Side Note, I would not be surprised if we get a gap fill bounce , however it would be really nice if this wedge broke down slightly further into the CC zone before the pump. Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.