š $SPY BULLS ARE PLOTTING A MOVE.
ā¢ $NVDA earnings might be the catalyst for this one.
ā¢ Currently we are seeing no positioning on any direction.
ā¢ Although the flow is dry based off experience this is how bulls move.
ā¢ Coming from a V shaped recovery off the recent lows they are resting to build back the energy.
ā¢ Bears for now leaving the bear gap open have shown strength but if bulls gap it over we are about to witness some amazing strength in the market to target 580 and 600 above.
ā¢ I could give the same level of caution for the bulls with the bull gap right under 557 and bears can definitely take the market lower again if they gap it under it.
ā¢ Given the market momentum and the V shaped recovery we have seen the market is most probably going to go higher imo.
ā¢ Levels to watch here are 564 and 567 to the upside targets.
ā¢ Intra day fills of bear gaps act as resistance and bulls gaps act as support. Keep that in mind while trying to do 0D plays.
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- GeraldAdelaĀ·08-28I agree with your analysis.LikeReport
- KSRĀ·08-28šLikeReport