Now that the downside target in SPY hit last week, I think it's time for the blow off top to take place.
I favor a move from here that brings us to the two upper resistance levels.
The next key date that I have on the chart is October 27th, as of now, I think it's possible that we see at least one of the two levels to the upside get hit prior to that for a final move in SPY.
The marked box is the resistance level and I don't really see price exceeding those levels.
If those levels are tagged, then I think that sets up a move lower to the bottom supports, but let's focus on the upside first.
I favor a move from here that brings us to the two upper resistance levels.
The next key date that I have on the chart is October 27th, as of now, I think it's possible that we see at least one of the two levels to the upside get hit prior to that for a final move in SPY.
The marked box is the resistance level and I don't really see price exceeding those levels.
If those levels are tagged, then I think that sets up a move lower to the bottom supports, but let's focus on the upside first.
Nota
Added more calls on the dip.Nota
Added more on dipNota
Obviously not sure if we hit the top resistances by tomorrow, I have calls out for the next 2 weeks. I think the move is likely to play out by Nov 7th.
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.
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.