$SPDR® S&P 500 ETF Trust very few understand why the fight for 414 is so important. Just zoom out. ATH and October lows. It’s the .5 fib close the week above it and 429 is a possiblity in coming weeks. Close below it and 398 is the downside target. Until she picks a side, scalp every day. That simple.
$SPDR® S&P 500 ETF Trust Plain and simple we created a cup and handle on the daily with 416.72 looming as a weekly breakout. Should we be able to break on the weekly id scream bull market at the top of my lungs cause that means we started heading back to old highs. 420s 430s 440s. The weekly has been downtrending since 470. So that tells u how hard of a bounce is coming should we breakout. These are your levels Take your time on entries trade your risk level amd take profits. GL see yall tomorrow.
Hope folks had a lovely weekend! This is SNEAKY A HUGE earnings week coming up and I don't think people are talking or thinking enough about it.... I've highlighted the names that I think are worth keeping an eye on. We have some of the largest "economic indicator" type names/companies reporting this week. Normally I wouldn't highlight community or large banks but in this environment I have too.. Lots of hedge fund SHORT exposure the community bank side. We also have some MAJOR consumer good names reporting PG and JnJ - Wonder how much cash they will lose on the lawsuit - JnJ Talcum powder expected to be over 9bil. Anyway, it's going to be action packed with small cap momentum and large cap earnings, I am looking to extra ACTIVE THIS WEEK...4am type of days. As a day trader it's vital to b