Futures pre-market analysis not look great for AMEX:SPY in my eyes. Big rejection when trying turn to green bar on today (1,60% wick).
SPY are currently at the ascending triangle same as NVDA or AMD yesterday. Here is potential to broke it up and go tested 0,5 Fib from last fall -> it's at 266 which is really close. Next potential stop can be around 272 where is POC from 3 years volume profile.
Currently break upscending triangle. It may be tested level around $281 -> Last High before NVDA went down.
Same as situation on NVDA. Broke ascending triangle and tested it back with pullback to $47.45 there is also zone from 20MA. After this broke it's possible to will go test zone around $50
I tried build setup with elliott wave theory. Any comment for this idea?
I trading Elliott waves about 10 days..
Currently is no good think buy long or short.. I'll wait for price went back to support (buy) zone or waited for 1st target and re-evaluate situation on market.
Aktualne se pohybuje v trojuhleniku a opira se o support trend caru.
Currently at support trendline, can bounce up. Watch it.
Porad ve formaci vlajky. Mirny odraz od support trend cary.