What a finish on Friday! The bulls came rushing back as AAPL earnings outperformed, and Biden has a press conference at end of day. The index closed at a key resistance, in a so far, very strong wedge. It also broke it's January down trend and the 50MA. ✅
Will SPY breakout or continue its wild consolidation inside this wedge?
NEXT MAJOR RESISTANCE: 447.50
NEXT MAJOR SUPPORT: 434.0 - 435.0
SPY 15 minute (Zoomed In)
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Will SPY breakout or continue its wild consolidation inside this wedge?
NEXT MAJOR RESISTANCE: 447.50
NEXT MAJOR SUPPORT: 434.0 - 435.0
SPY 15 minute (Zoomed In)
https://www.tradingview.com/x/2o8rc2oo/
Follow and Like for more up to date technical analysis!
Follow on twitter for short, intra-day updates!
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Related publications
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.