Asphen
2023-03-31

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  

$SPY(SPY)$ 

# Technical Analysis

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Comment（70）

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  • BadgeLeh
    ·2023-03-31
    TOP
    Nice sharing. Bro Asphen.
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    • Asphen: 
      you welcome.... looks like it is playing out as per my TA 😀
      2023-03-31
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  • SmallYang
    ·2023-03-31
    TOP
    thanks for sharing
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    • Asphen: 
      you welcome
      2023-03-31
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  • CYKuan
    ·2023-03-31
    TOP
    thanks for sharing
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    • Asphen: 
      you welcome
      2023-03-31
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  • amazinggrace
    ·2023-03-31
    TOP
    Thanks for sharing
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    • Asphen: 
      you welcome
      2023-03-31
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  • All in Tesla
    ·2023-04-02
    Dump 😂
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    • Asphen: 
      did not dump, it rallied!!!
      2023-04-02
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  • holdnotfold
    ·2023-04-02
    ff
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  • Saras Mujiyono
    ·2023-04-02
    nice
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    • Asphen: 
      see the later posts. this one was before Friday PCE. 😀
      2023-04-02
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  • Saras Mujiyono
    ·2023-04-02
    nice 7
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  • foo510
    ·2023-04-02
    ok
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  • HL Chua
    ·2023-04-02
    Good
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    • Asphen: 
      thank you
      2023-04-02
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  • 7PATRICK7
    ·2023-04-02
    nice
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  • Paggie
    ·2023-04-01
    阅
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  • ZEROHERO
    ·2023-04-01
    Pump 💪
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    • Asphen: 
      yup. going like it had planned.
      2023-04-01
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  • Khikho
    ·2023-03-31
    [微笑]
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  • GodSpeed
    ·2023-03-31
    k
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  • karen521818
    ·2023-03-31
    ok
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  • Reds2007
    ·2023-03-31
    Ok
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  • Trainman
    ·2023-03-31
    👍
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  • W Stanley
    ·2023-03-31
    .
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  • miaoyin88
    ·2023-03-31
    ok
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