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SPDR S&P 500 ETF TRUST
Long

Expect the US market to rotate before another leg higher begins

341
Expect the SPY and major US indexes to rotate a bit before starting another leg higher towards the end of August. The momentum is certain bullish at this point and earnings continue to drive higher expectations for the general market. My analysis suggests a bit of rotation could come over the next 5+ days as these new highs are created by the moderate push upward. After the middle of August, I expect the US markets to rocket a bit higher for about 20+ days.
BradMatheny
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Beyond Technical AnalysisChart PatternsS&P 500 (SPX500)spx500longSPDR S&P 500 ETF (SPY) Trend Analysis

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Beyond Technical AnalysisChart PatternsS&P 500 (SPX500)spx500longSPDR S&P 500 ETF (SPY) Trend Analysis
BradMatheny
Love My Videos/Research - GET MORE..
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..

Join Ment.com Expert Growth Today

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Also on:

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.