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$SPY : Waiting for a catalyst

AMEX:SPY   SPDR S&P 500 ETF TRUST
$SPY was perking up yeserday morning but finshed down -0.68% as afternoon sellers overwhelmed.

$ES futures are again higher by 38 handles as of now. However, the pattern has been higher in the morning and sell-off in the afternoon for the past 5 out of 7 days.

Economic conditions are dismal. FED has injected massive liquidity and fresh addition of liquidity can be the catalyst to propel $SPY higher.

Broader range is 280-293 while narrower range is 284-288. Going with the break when it happens.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.