SPY - Tomorrow is the Day!
Unless some market manipulation magic happens, we will hit the strong resistance from January 2018 tomorrow.
We have the golden cross on our backs, but this is an incredibly strong resistance point.
In the least, I foresee some kind of short-term drawback if we fail to absolutely smash through the resistance tomorrow. Futures have already hit the resistance level and immediately jumped back. We will likely see the bulls reattempt this hike at open.
Best of luck to all!
We have the golden cross on our backs, but this is an incredibly strong resistance point.
In the least, I foresee some kind of short-term drawback if we fail to absolutely smash through the resistance tomorrow. Futures have already hit the resistance level and immediately jumped back. We will likely see the bulls reattempt this hike at open.
Best of luck to all!
Note
And there you have it, manipulation magic.Somehow, given the bullish reports released today, we remain absolutely flat. Wonderful. Still Bullish till our resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.