SPY no change looking to 425-430

16 thg 2, 2023

The SPY is still consolidating on declining volume getting ready to move. It looks like a continuation pattern(Yellow) from the overall major pattern breakout(Blue). The traditional target would be 425-430 where there is some nice resistance. If this pattern fails and breaks down, I will look for 393. This major breakout will help crypto breath really nice and BTC will most likely see 30k from it

16 thg 2, 2023

Ghi chú

16 thg 2, 2023

Ghi chú

And here is the weekly view which makes the volume profiles more clear

25 thg 2, 2023

Ghi chú

-THIS SETUP HAS PLAYED OUT. BEARISH BREAKOUT TARGET ACHIEVED.

25 thg 2, 2023

Ghi chú

26 thg 2, 2023

Ghi chú

"If this pattern fails and breaks down, I will look for 393."
It obviously failed and I had flipped bearish on the retest of the bottom trend line