SPY likely drop lower next week
The quick rally of last week was quite impressive, but what I see is still quick-rise-slow-drop type price action, which is a typical bear market behavior.
Therefore I feel my bear market thesis is actually validated and expecting to see a drop in the coming week. But this market looks like a weak bearish trending market, so even this time we might not dip below to, I think we will dip to around 400 (maybe 398).
Therefore I feel my bear market thesis is actually validated and expecting to see a drop in the coming week. But this market looks like a weak bearish trending market, so even this time we might not dip below to, I think we will dip to around 400 (maybe 398).
Nota
For the upper bound I think SPY probably will touch 200 day MA which is about 456 then head down.Nota
Meant to say "so even this time we might not dip to 380"
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.
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.