SPY about to move with Tesla inclusion and Stimulus
I spotted a dragon fly doji followed by all-time highs. I drew an idea of potential price movement in a downward move. The $371 mark is clearly a resistance and it is funneling into a wedge. If it breaks 371$ we could see some price movement to the upside. With the tesla inclusion starting over the next 3 trading days we could see some downward movement. The index has to spend money to buy up shares of tesla. In the Yahoo inclusion to the S&P we saw a dip in the SPY during that event. With the world in chaos while the market is high on hopes of stimulus we can go either way. All I know is there should be a significant move here shortly.
Give me your thoughts in the comments below.
Give me your thoughts in the comments below.
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