SPY Looking to turn bullish
I am building off the idea I had previously about a diamond bottom forming. It looks like we cracked out of the diamond and broke most resistance only to be forced back down, we did not go too far though and buyers were persistent. We broke out of the diamond and broke most resistances again this time closing strongly.
Still we are not out of the woods.
I see a nice channel may be wanting to form and have drawn it in yellow. Lets see if we can follow that path.
I have also labeled some price targets where I see resistance levels drawn in Purple.
Just my opinions
Still we are not out of the woods.
I see a nice channel may be wanting to form and have drawn it in yellow. Lets see if we can follow that path.
I have also labeled some price targets where I see resistance levels drawn in Purple.
Just my opinions
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