My Predictions. See Chart for Entry and Exit Points. Good Luck.
SPY broke its support but looks like a fake one as other major indexes like DJIA, IWM, QQQ are all sitting on the resistance level This is oversold and American market ignores the reality. (At least with Trump) Poised to bounce back up to the make the triple top and we are to the moon boys and gals.
Momentary downward trend. At its 61.8% fib retracement. Most likely will hit the support line then move either up or go below the support This market is unstoppable, and I expect an upward trend, but the economy is screwed up a lot more than we imagined. cultures are changing. embrace yourselves.
Do you want to invest in an oil stock but not know which one to buy? MPC relatively has the best fundamentals in my view compared to all big oil stocks (XOM, CVX, OXY, PXD, VLO, and etc.) Also, the chart is showing a stable upward trend. Oil price will and is already going up at an exponential rate. One oil stock I will buy during the oil/economic recession....
Looking Downwards short term. Massively overbought with nothing but a mere "opening" of the economy. People do not realize the reality of the impact. This cannot continue.
I like the chart and i like where we are. I think we move up from here. Of course, there will be volatility, but the trend is up from here.
If this support holds, let this stock fly!