SPDR S&P 500 ETF TRUSTUpdated FEDS AND SPY
SPY in in short term bull channel.
It has formed bull flag, but it has also shown clear bear divergence on 1-4h
It really comes down to .25% if we continue rally or not.
Also announce of slowing the hike will have an effect.
Be aware of falls spikes in either direction around 2pm.
Cash is your friend
Good luck
It has formed bull flag, but it has also shown clear bear divergence on 1-4h
It really comes down to .25% if we continue rally or not.
Also announce of slowing the hike will have an effect.
Be aware of falls spikes in either direction around 2pm.
Cash is your friend
Good luck
Note
Also worth mentioning is the fact that in Canada hike rates have slowed down to .50 , which prompted temporary rally few days ago.Note
I made a quick buck on this, lolBut I am going to stay on the side until tomorrow and let the market figure it out.
Feds .75 with no clear path to easing is putting us in a limbo.
Paradise for scalping.
Note
It may form H&SNote
okey , H&S is no longer valid
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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.