$SPY All-Time Highs in Focus
Looking ahead to this new trading week, I’m interested in seeing some shorts come in. We’ve returned to all-time highs, but the climb faced minimal resistance—aside from some signs of pushback on Friday.
I’ll be very cautious about entering any long positions unless we see price action consolidating or trading closer to the 610-612 levels. Until then, I’ll remain hesitant and look for more clarity in the market’s direction.
What’s your take on this setup? Drop your insights below!
I’ll be very cautious about entering any long positions unless we see price action consolidating or trading closer to the 610-612 levels. Until then, I’ll remain hesitant and look for more clarity in the market’s direction.
What’s your take on this setup? Drop your insights below!
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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.