SmallYang
2023-03-31

thanks for sharing
@Asphen：
All set for PCE pump or dump!! Will it be 407 or 396? - Sideways movement on Thursday in anticipation of Friday PCE - Thursday saw a "controlled" sell channel finding support at 402 and then ended up strong on a "controlled" buy channel (See 5mins chart) - MA5 pulled away from MA20 (bullish) - MA5 and MA20 will become support for any downdraft - That's why support will be good at 400 (MA5/50 confluence) and 396 (MA20) - A good PCE would probably gap up at open to 407 and make its way halfway through 407-416 range. Likely 413 resistance first. - A bad PCE means 400 and then 396. Overall, bullish for me as MA5 and MA20 reference. Will liquidate my long positions if 396 is broken. @TigerStars @CaptainTiger @melson @LMSunshine @Deposit $SPY(SPY)$
All set for PCE pump or dump!! Will it be 407 or 396? - Sideways movement on Thursday in anticipation of Friday PCE - Thursday saw a "controlled" sell channel finding support at 402 and then ended up strong on a "controlled" buy channel (See 5mins chart) - MA5 pulled away from MA20 (bullish) - MA5 and MA20 will become support for any downdraft - That's why support will be good at 400 (MA5/50 confluence) and 396 (MA20) - A good PCE would probably gap up at open to 407 and make its way halfway through 407-416 range. Likely 413 resistance first. - A bad PCE means 400 and then 396. Overall, bullish for me as MA5 and MA20 reference. Will liquidate my long positions if 396 is broken. @TigerStars @CaptainTiger @melson @LMSunshine @Deposit $SPY(SPY)$

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