SPDR S&P 500 ETF TRUST
Singkat

SPY - January 30, 2021

250
SPY finished the week with strong sell side activity after Tuesday. Lots of the market uncertainty is pointed at short squeeze meme stocks pushing higher, ultimately straining brokers for liquidity and seeing the rippling affect hit broader equity markets. If next week SPY can reclaim 373 it is likely it will retest 378 where we will look to trim longs and enter hedges. First major lower limit of support is in he 360-358 range. The overall market sentiment has shifted to bearish and we are expected for more sell side action to persist on dip buys. For confirmation of a broader market selloff, we will be monitoring the TLT along with ticks higher in long term yields, as well as the DXY to see if money moves to the dollar. This market is a fragile one that may experience more red in the short term.

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.