Spy pullback

29 thg 3, 2023

Think we are going to pullback to 397 support before any leg higher.



PCE is friday..

I only like the long above 402 with a 408 target.
So much proce action in that 401.50 area



April Cycle is usually bullish. I'd like to see Spy Crack 402 and qqq Crack 315 first though

So to sum it up is, I think we pullback and test support or 397 and then PCE will decide the next direction

29 thg 3, 2023

Ghi chú

Pushed right to resistance on another low volume day..

Since trendline support is rising I've move my target pullback to 398..
.

Rising wedge clearly forming now

29 thg 3, 2023

Ghi chú

Another factor why I doubt the spy will move higher is QQQ...

Here's a daily chart on qqq

At the top of its channel and near is 315 fib resistance. Tech looks to be distributing

30 thg 3, 2023

Ghi chú

Keeping this dirt up with tech.. as you can see tech is respecting 315.. Dow and Iwm closed there gap today.

Tomorrow Spy and QQQ.