IS THE RALLY FINALLY OVER?
SPY 
We had two scenarios yesterday during our stream
1.) Preferred scenario would be for the spy to pullback down to 400-398 or trendline and hold for the rally to continue to the upside. So a pullback or consolidation around this level is healthy. Just remember its December, I always look forward to the Santa Rally if you've been in the market more than a year or two you know what that means.
2.) If SPY Pulls back and breaks this trendline and strong support, FEAR / FOMO / SQUIZZLE can happen and the bear market continues.
We don't know exactly whats gonna happen in the market but we just ride the wave and make mullah along the way 🙂
Have a blessed weekend ahead and trade smarter!
We had two scenarios yesterday during our stream
1.) Preferred scenario would be for the spy to pullback down to 400-398 or trendline and hold for the rally to continue to the upside. So a pullback or consolidation around this level is healthy. Just remember its December, I always look forward to the Santa Rally if you've been in the market more than a year or two you know what that means.
2.) If SPY Pulls back and breaks this trendline and strong support, FEAR / FOMO / SQUIZZLE can happen and the bear market continues.
We don't know exactly whats gonna happen in the market but we just ride the wave and make mullah along the way 🙂
Have a blessed weekend ahead and trade smarter!
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.