SPY to rally to the gap
We touched the lows today and chopped back down multiple times in a back and forth Monday.
In the end we closed at the high, a bullish sign.
This comes off a bullish divergence on the technicals.
I suspected that there was a lot of bearish greed coming into play and retail YOLOd into shorts and puts, this week will be a great opportunity to use them as liquidity and rally us to fill the gap.
From that point I would watch for rejection lining up with government shutdown, but for a short while we are looking bullish.
Just my Opinons.
In the end we closed at the high, a bullish sign.
This comes off a bullish divergence on the technicals.
I suspected that there was a lot of bearish greed coming into play and retail YOLOd into shorts and puts, this week will be a great opportunity to use them as liquidity and rally us to fill the gap.
From that point I would watch for rejection lining up with government shutdown, but for a short while we are looking bullish.
Just my Opinons.
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