Share an idea on $SPY won`t let the market go down no matter what,news anything, unreal coordination between central bankers
SPY
- Thread starter Phill Twist
- Start date
mark down the overnight high , only attempt longs if we break it, rabbits out of the hat and all that.
$SPY Very difficult market to pin direction on, six gaps to fill this month alone Long term bearish we'll zig zag and fill all six somehow.
Gaps don't need to fill, frankly I consider your prediction to lack basis.
I'm neither bullish or bearish, just taking signals one by one as the market plots them, no reason to predict, in fact, it's how you get in trouble.
who is still short this market ?
Finally closed above 50dma and nice bounce from Feb low 7.5%. Above Jan close a positive sign so far.
This is the problem with huge moves. Lots of stocks are right at resistance or will be testing resistance even with a minor gap.
Potential resitance, has to prove itself first.