$SPY TOP 20 UPDATE
Added 2023-01-12 16:37:44 +0000 UTCJust a quick update, as from the brief yesterday, the .618 Fib has acted as resistance and defended twice and got rejected. The price has stayed above the parallel bear flag since, we would like to see this break down below $394.50 to feel like we are out of the woods.
So far we have not experienced any meaningful pump yet and the bears are still in control.
Comments
today is a big test for the bears, if they can break below 393 we should see 390 fairly quickly and with earnings next week we could have a reversal. todays close is very important for $QQQ and $SPY also $DXY looks like it may have bottomed and is ready for a move up
Sid
2023-01-13 14:24:44 +0000 UTC398.48 overnight high
david megara
2023-01-13 11:30:52 +0000 UTCWe will see in the next few days if these charts are wrong or the bottom was put in October.
Sid
2023-01-13 00:27:36 +0000 UTCExactly. Textbook of when everyone sells and there are no sellers left, the bulls take over and absolutely dominate. There needs to be a huge catalyst for this to turn bearish… everything aka all data looks amazing for the bulls right now
Tom Connell
2023-01-13 00:24:21 +0000 UTCwell the bulls are in control clearly right now not the bears my friend.
Sid
2023-01-12 18:04:23 +0000 UTC
