White lines - Channel
yellow lines - Possible ascending Triangle
Closed right at 470 today with a late rally. Also closed right at RSI divergence . Most of the bump the spy received from today was because of the tech rally. Travel stocks and reopening stocks are still weighing on the spy. The banks underperformed also. If tomorrow's job report weighs in on cyclicals to heavy we could see a pullback. Nonetheless, I don't see spy making any new ATH for the remainder of the week but I don't see a blood bath either if Tech holds up its side of the deal.
Nearest support level is at 467 , then trendline support at 463. Let's see what happens
Quad witching on friday.
Financials (Banks) have just been trading sideways for a week now. I thinks ots consolidating for a big move
yellow lines - Possible ascending Triangle
Closed right at 470 today with a late rally. Also closed right at RSI divergence . Most of the bump the spy received from today was because of the tech rally. Travel stocks and reopening stocks are still weighing on the spy. The banks underperformed also. If tomorrow's job report weighs in on cyclicals to heavy we could see a pullback. Nonetheless, I don't see spy making any new ATH for the remainder of the week but I don't see a blood bath either if Tech holds up its side of the deal.
Nearest support level is at 467 , then trendline support at 463. Let's see what happens
Quad witching on friday.
Financials (Banks) have just been trading sideways for a week now. I thinks ots consolidating for a big move
