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"$SPY still faces a lot of headwinds and resistance above $460"
@TechnicalHunter：
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. Image 2. We are in the early cycle phase of the business cycle in our opinion. Image 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. Image 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. Image 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. Image Source:@SuperLuckeee
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