Spy Weekly channel
T1 and S1 are my ipossible targets for SPY. It looks like it will probably chop, but it is still closing above the 50 Week MA so as long as that holds we could see a rally into year end due to institutional buyback activity. Momemtum could bring us to the lower trend line after a retrace. Lot's of opportunities should open up over the next few months. The Fed is continuing to unwind their balance sheet so volatility will likely remain high and a sell off is possible.
Stock with the biggest share buyback and non-cyclicals are what I'm looking at this weekend.
Stock with the biggest share buyback and non-cyclicals are what I'm looking at this weekend.
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