SPY looking to rip up 420-435
Updated
Looking at the MACD we can see the fast rsi is touching and peeling up against the slow rsi. This usually indicates bullish momentum as the slow rsi tends to follow and move up which indicates a trend change.
Looking to possibly see +$420 in the coming weeks.
Looking to possibly see +$420 in the coming weeks.
Trade closed: target reached
Looks like this panned out more or less correct.Momentum has be strong so far.
The key dates to look at next is June 13 (CPI) and June, 14 (FOMC & PPI).
Something to keep in mind is July is the start of a new 3 month candle. These events should set the stage for the next 3 months.
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