SPY: Up to date daily/weekly analysis
The recent correction that affected the US stock market is likely over for the time being, the weekly uptrend can resume here, but, consider that we are still during a longer term consolidation phase, following the end of a 2-month timeframe uptrend expiration back in December. The big correction we had after peaking in February further confirms the idea that one pattern was completed, and a cool down phase is likely to materialize, as is clear that is happening now.
I suppose we might see a mostly bullish trend until mid term election fears surface.
Best of luck,
Ivan Labrie.
Disclaimer: I'm not long $SPY myself, but instead hold a portfolio of individual stocks that offer considerably higher returns than the index potentially.
I suppose we might see a mostly bullish trend until mid term election fears surface.
Best of luck,
Ivan Labrie.
Disclaimer: I'm not long $SPY myself, but instead hold a portfolio of individual stocks that offer considerably higher returns than the index potentially.
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So far so good, check out the last publication for more updates.
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