Yesterday's action in the 
SPY is a bullish sign for the overall market. We put in a low around $385 which coincides with the recent head-and-shoulders pattern that had a price target around $380. With futures higher today, there is some room on the chart to $400-404 before encountering more resistance. If this was a temporary bottom, watch the semis and small caps for clues. Putting on more risk vs this level is a good risk/reward strategy for both active and long term investors. 
AAPL reaching $138 and 
MSFT $250 are further confirmations.
SPY is a bullish sign for the overall market. We put in a low around $385 which coincides with the recent head-and-shoulders pattern that had a price target around $380. With futures higher today, there is some room on the chart to $400-404 before encountering more resistance. If this was a temporary bottom, watch the semis and small caps for clues. Putting on more risk vs this level is a good risk/reward strategy for both active and long term investors. AAPL reaching $138 and MSFT $250 are further confirmations. 
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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.