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hungry_hippo

I SPY another pennant

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
hungry_hippo Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index)
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1
chartpattern indicator spy spx
Chart pattern looks incomplete like it needs a new top. Plus RTY never filled the COVID gap so small caps have to go up and double top.

I think we get more stimulus talk or something next week, but chart pattern and futures indicators are bearish for Monday, so I drew up this pennant. More whipsaw next week then a pump is my guess.
Commento:
Appears major stocks are setting up for earnings, see my AMZN plot. Same exact price where it opened last quarter after earnings.

I don't expect the market to do much for the next couple of weeks....
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