$SPY What if (Bear and Bull Case) another COVID Optimism Bounce?
Updated
Please do your DD.
From my last SPY idea, we are in the bear/bull trap zone and where we go next is anyone's guess (Most likely down). We could be consolidating here to move higher one more time or gaining momentum for a downward spiral. We may have Gilead's and Roche's official news soon so we have to be prepared for a short squeeze.
Also I am looking at the IWM and it hasn't reached its .50 retracement so that is unclear what that is going to to do so please be careful either way.
From my last SPY idea, we are in the bear/bull trap zone and where we go next is anyone's guess (Most likely down). We could be consolidating here to move higher one more time or gaining momentum for a downward spiral. We may have Gilead's and Roche's official news soon so we have to be prepared for a short squeeze.
Also I am looking at the IWM and it hasn't reached its .50 retracement so that is unclear what that is going to to do so please be careful either way.
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Lets see what happens. Playing well as talked about. I will not be surprised if we got a data on GILD rem today. The chart looks so much like it and shorts having to cover tomorrow. Be careful stillTrade active
Well we heard from GILD REM but not what we were expecting. lol Lets see what happensTrade active
tradingview.com/chart/RGEcRnDy/Note
Note
BTCUSD and SPY trading alikeTrade active
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Did the Market Top today? We closed the gap around 2900.52. Tech earnings today could be the catalyst for the top and road down. Time will tell
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