Looking at 
SPOT we can see a descending wedge. A bullish pattern however we are just needing to confirm a breakout of trend. With the 
AAPL news may be the catalyst it needs. In my personal opinion based off of RSI and TTM squeeze, I believe we will see a cool off of buyers before jumping into another run. All of this will be determined by SPY. I believe we will see 
SPY red/chop until Tuesday(9/14/21) before reversing off of daily trend respecting the ascending wedge. If SPY runs red and we see a daily close on SPOT below 245.50 I will play shorts, however, if we see green on SPY and a hold above 245.50 we see green. A break and hold of 245.50 would be an early entrance a safer entrance for longs would be a break and hold of 255.50.
Would love to hear your opinion on this TA!
SPOT we can see a descending wedge. A bullish pattern however we are just needing to confirm a breakout of trend. With the AAPL news may be the catalyst it needs. In my personal opinion based off of RSI and TTM squeeze, I believe we will see a cool off of buyers before jumping into another run. All of this will be determined by SPY. I believe we will see SPY red/chop until Tuesday(9/14/21) before reversing off of daily trend respecting the ascending wedge. If SPY runs red and we see a daily close on SPOT below 245.50 I will play shorts, however, if we see green on SPY and a hold above 245.50 we see green. A break and hold of 245.50 would be an early entrance a safer entrance for longs would be a break and hold of 255.50. Would love to hear your opinion on this TA!
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.