What I have understand is that market negatively reacts to Tariff implementation. This is the market sentiment.
Since Tariffs have been paused, cut off, or delayed to another time. Most courts are suspending the Trump Tariff.
Market has been behaving positively, It has also broken the previous small resistance at the price $575. And has also retracement. If you put moving average of 10, you can see it has retested below level but closes above the MA which is a good signal.
I believe SPY will touch $607 within 2 weeks from now, and hopefully a fundamental news will break the $610 level.
And it is common sense if SPY moves rapidly upwards, almost all of the SP500 companies will go up ( not all).
And I think buying stocks that are already at the high resistance level is good if what I think will happen.
Since Tariffs have been paused, cut off, or delayed to another time. Most courts are suspending the Trump Tariff.
Market has been behaving positively, It has also broken the previous small resistance at the price $575. And has also retracement. If you put moving average of 10, you can see it has retested below level but closes above the MA which is a good signal.
I believe SPY will touch $607 within 2 weeks from now, and hopefully a fundamental news will break the $610 level.
And it is common sense if SPY moves rapidly upwards, almost all of the SP500 companies will go up ( not all).
And I think buying stocks that are already at the high resistance level is good if what I think will happen.
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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.