SPY Looks to Shrug Off Uncertainty on Several Key Issues

20 thg 10, 2021

SPY

Sorry for the delayed update.

SPY has been extremely bullish since my last post where we were bought up at a critical technical level of confluence. With the amount of strength that came in at that zone, it signals to me that it's not the broader market controlling these moves. As long as the the technicals are in tact, that's what matters. For now the technicals are showing a megaphone pattern which typically breaks bearish, however, the pattern is not the easiest to predict.