$SPY TOP 20 UPDATE
Added 2023-03-31 18:40:48 +0000 UTCThe moment of judgement is close, unlikely to happen today but we will know by early next week whether or not this rejects at the blue line and the right shoulder or bursts through and breaks out and gets back into the wedge. We'll let the charts decide what happens.
If you are a bull, you will be looking for a large influx of buyers to come out on the 1st of April, which is the start of Q2 and step in and take control.
If you are a bear, you are considering, whether the run up towards the end of March is buyers calibrating their portfolio for the end of Q1 and if you believe that the macro issues are gone.
For me, it's not a decision that is clear and I would not be taking a risk on the direction, the set up is not there...and since I don't short, that eliminates the other option.
