"$SPY still faces a lot of headwinds and resistance above $460"
Make sure you know these 5 charts for trading the SPY for next week
1. Most think we a recession is coming when we are in fact in the "initial recovery" phase and a powerful expansion is about to happen in 2024.
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2. We are in the early cycle phase of the business cycle in our opinion.
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3. There is a 98% probability the FEDS are going to keep rates the same next week and CUT rates in March 2024. This is extremely bullish.
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4. December on average will close strong into the end of the year. Buying calls on dips and pull backs is the best strategy in our opinion.
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5. $SPDR S&P 500 ETF Trust(SPY)$ still faces a lot of headwinds and resistance up here above $460, but overall I think we close strong on the upside for next week.
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Source:@SuperLuckeee
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