$SPDR S&P 500 ETF Trust(SPY)$  


📈 $SPY SHOULD I CALL THAT A...

SPY is amazingly strong going into OPEX Friday

• Bears are just not able to push the price lower with bulls correcting the price to time to consolidate and move up again.

• Currently the setup definitely looks bullish or called a falling wedge but I am going to be cautious and say going into OPEX if 544 is lost we can see 540 fairly quickly probably tomorrow itself.

• Let me re-iterate this. 544 is a strong support as far as I can see and losing that is going to be a bear parade. So don't have to jump the gun.

• Nice selling on chips today after a solid gap up so we should see some rotation into other sectors tomorrow if possible.

$AMZN is going to pay us good I think. Have a great rest of the day.


# 💰 Stocks to watch today?(31 Oct)

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  • doozi
    ·06-21
    Strong [Love]
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