Asphen
2023-03-28

Interesting moves on SPY Monday 27 Mar


- Price action Gapped up and got rejected by the trend line 

- intraday came down to fill gap but bears did not want to push beyond last Friday high 

- Prices stayed above MA5 and MA20

- Significance ==> MA5 finally crossed above MA20 ==> trend indicator 

- MA crosses now need a confirmation or follow through ==> key watch for me tonight and this week 

- Price action still in controlled buy channel from 13 Mar

- 395/396 has become Interesting levels to watch. 


Going forward is simple

- MA5 continue to stay above MA20 ==> bullish

- Price action continues to stay above MA5/MA20 ==> bullish

- Any breaks below the above 2 points ==> Bearish 


Good luck, all.

@TigerStars  @CaptainTiger  @BadgeLeh  @melson  @LMSunshine  @Deposit  

$SPY(SPY)$ 

# Technical Analysis

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Comment（46）

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  • EmilyMark
    ·2023-03-28
    TOP
    bottom line is, thats when the new bull market starts and thats when the fed will start printing again. Im in the 290-270 camp, not the 350-320 camp
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    • Asphen: 
      Good input
      2023-03-28
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  • KittyBruno
    ·2023-03-28
    TOP
    melt up continues and decreased volatility is destroying premiums. Bears lose BIG again. What a surprise 😮 not really 🥱
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    • Asphen: 
      Market has too many bears now. as long as they exist, market makers won't give in
      2023-03-28
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  • NiceOne
    ·2023-03-28
    TOP
    Quite an extraordinary analysis, man. You're amazing!
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    • ALLinOne: 
      both of us have mutual view
      2023-03-29
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    • Asphen: 
      thank you and you welcome
      2023-03-28
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  • FranklinMorley
    ·2023-03-28
    TOP
    The decent line is steepening the approach to the downside will start accelerating from here
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    • Asphen: 
      Good input
      2023-03-28
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  • Gloria112
    ·2023-03-28
    TOP
    It feels like the breakthrough should be easy
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    • Asphen: 
      apparently not so. but everything is coiling for a move up or down. massive.
      2023-03-29
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  • 小虎小虎小小虎
    ·2023-03-29
    ok
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  • BadgeLeh
    ·2023-03-28
    😉🙏
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  • Khikho
    ·2023-03-28
    Ok
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  • Derrickola
    ·2023-03-28
    Great share
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    • Asphen: 
      you welcome
      2023-03-28
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  • melson
    ·2023-03-28
    [Happy]
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    • AsphenReplying tomelson: 
      😉
      2023-03-28
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    • melsonReplying toAsphen: 
      🚣
      2023-03-28
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    • AsphenReplying tomelson: 
      haha.... 🚢?
      2023-03-28
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  • HarryLim
    ·2023-03-28
    Ok
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  • YsL
    ·2023-03-28
    Tq
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  • blankblank
    ·2023-03-28
    K
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  • Deposit
    ·2023-03-28
    ok
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  • YsL
    ·2023-03-28
    Tq
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  • DMC8
    ·2023-03-28
    Tks
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  • e13v3n
    ·2023-03-28
    k
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  • peroperopop
    ·2023-03-28
    ok
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  • davloh
    ·2023-03-28
    [Happy]
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  • rogue66
    ·2023-03-28
    up
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