SPY- Like everyone else lol
Updated
MFI- Overbought.
RSI- Overbought. Last 2 times it closed at around 70 we saw a red day. Just above 70 has also proven to be a battle ground, Feb 15- Mar 1 we topped just over 70 led us to Mar 4- Mar 7 days of red.
MACD is a jokeeee lol bulls appear to be getting gassed out.
Lower red dashed line is the top of possible left shoulder, upper red line would be the head. Either we're in a channel and it's going to keep going up until 300 or more, breaking H&S pattern.... ORRR we're in a wedge with maybe a few days left before either moon or catastrophe.
We're also upper range of the BB. Without a few down days to give up some room or a wild fat tail, we're gonna keep seeing these ridiculous days of up $1 or less (usually less).
Bulls make money, bears make money, pigs get slaughtered.
RSI- Overbought. Last 2 times it closed at around 70 we saw a red day. Just above 70 has also proven to be a battle ground, Feb 15- Mar 1 we topped just over 70 led us to Mar 4- Mar 7 days of red.
MACD is a jokeeee lol bulls appear to be getting gassed out.
Lower red dashed line is the top of possible left shoulder, upper red line would be the head. Either we're in a channel and it's going to keep going up until 300 or more, breaking H&S pattern.... ORRR we're in a wedge with maybe a few days left before either moon or catastrophe.
We're also upper range of the BB. Without a few down days to give up some room or a wild fat tail, we're gonna keep seeing these ridiculous days of up $1 or less (usually less).
Bulls make money, bears make money, pigs get slaughtered.
Note
If we close under we can expect to fill some of these gaps. Lots of resistance on the way down, but $280.80 could potentially. Personally will be looking for targets around $282 though. Lesser chance of resistance at the 50 EMA. Will definitely be playing by ear though with BB being extended to $277, which leaves some wiggle room to POTENTIALLY hit the $274 gap. This market is a MESS so this could EASILY be a fake out.
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