$SPY TOP 20
Added 2024-12-15 12:28:48 +0000 UTCThe market sell off on Thursday and Friday made a very small blip on the chart and it reflected some sideways movement but did not change the trend or has given us any cause for concern in the short term
Price is still comfortably in the rising wedge and has not tested the bottom line yet or the 50 Day MA, which is just at the 1.618 Fib now at $588.
The Melt Up target is still in play too at $631 at the 2 Fib as well
As long as I continue to see the $SPY in this condition, I do not think we should be taking any pre-emptive actions and selling our core positions because there is an ABC correction due in the new year.
Comments
Hi Cap. Can you kindly post your current top 20 and latest buy zones in your βtop 20 collectionβ and update them at least on a weekly basis? Appreciate it. Is the buy zone basically between 50% and 62% fib levels?
SK27
2024-12-15 14:59:09 +0000 UTC
