$SPY TOP 20 UPDATE
Added 2023-05-18 17:09:01 +0000 UTCThe positive news announced yesterday that both parties are in the room discussing a potential delay to the debt negotiations has given some positive direction so far. The price has climbed all the way up to the $418 blue line today which it has not been above this line since August 2022, it has been rejected so far since hitting the blue line but it may have another attempt shortly. Breaking above and holding more importantly, is vital here, we can see in August that it broke above but could not hold and then came down by -20%.
Going above the blue line however means that the bulls have the advantage.
Comments
I’m a bit confused. 420-424 would take apple. Msft. Nvda back to all time highs. Is it possible the largest stocks in the world go back to all time highs while market is 65 points from ath and weight average is still low
TSS
2023-05-18 17:13:51 +0000 UTC
