Asphen
2023-04-14

"Economy worrying" PPI actually pushed SPY above 412! Closed strong and looks to gun for 416!


- Impressive showing by the bulls on Thursday to break through 412 (Low volume melt-up continues!)

- Still in controlled buying channel

- Good retail sales numbers on Friday might bring it to test 416!

- Unlikely to break 416 even though 420/421 had been the target level (based on many indicators)

- Thursday closed strong with no bears in sight


My watch

- (Refer 5mins chart) Last night was in a buy channel from 10pm so it was meant to be bullish

- Key Friday is to see if the trend channel continues ==> any change would mean back below 412

- Continued bullish (Retail sales 830pm) might continue to the climb

- Will see trading range 412 to 416


As previous sharing, cautiously bullish for now. MA5 was inverse basing, but this run might delay the bearish cross below MA20


Good luck, all!

@TigerStars  @CaptainTiger  @melson  @LMSunshine  @Deposit  

$SPY(SPY)$ 

# Technical Analysis

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（58）

  • Top
  • Latest
  • BadgeLeh
    ·2023-04-14
    TOP
    Yes yes. Your earning allowed me to earn $154 yday.. but ah it went higher n higher after I closed my long 😄
    Reply
    Report
    Fold Replies
    • Asphen: 
      Nice. glad it helped. the buy channel was key
      2023-04-14
      Reply
      Report
    • BadgeLeh: 
      *your sharing.

      aiyo typo

      2023-04-14
      Reply
      Report
  • melson
    ·2023-04-14
    TOP
    less money printing, may not have enough liquidity to push up through resistance zone
    Reply
    Report
    Fold Replies
    • melsonReplying toAsphen: 
      🤞
      2023-04-14
      Reply
      Report
    • Asphen: 
      true. but the low volume melt up is still quite strong. a matter of when the bears want to come in. either 416 or 420
      2023-04-14
      Reply
      Report
  • LMSunshine
    ·2023-04-14
    TOP
    Thanks buddy❣️ Love your sharing🥰
    Reply
    Report
    Fold Replies
    • Asphen: 
      you welcome
      2023-04-14
      Reply
      Report
  • Guy
    ·2023-04-14
    TOP
    Spy Is still on the way to rise now.
    Reply
    Report
    Fold Replies
    • Asphen: 
      looks good for now. am watching MA5 all the way
      2023-04-14
      Reply
      Report
  • SnailWalker
    ·2023-04-14
    [Bless] [Bless]
    Reply
    Report
  • Yaahh
    ·2023-04-14
    thanks! [Happy]
    Reply
    Report
  • smee
    ·2023-04-14
    [Surprised] [Surprised] [Surprised]
    Reply
    Report
  • AJR5
    ·2023-04-17
    One can hope!
    Reply
    Report
    Fold Replies
    • Asphen: 
      indeed. so what would you be hoping for? 😉
      2023-04-17
      Reply
      Report
  • Aaaaaaaaaaas
    ·2023-04-15
    Vg
    Reply
    Report
  • SG20748
    ·2023-04-14
    k
    Reply
    Report
  • 月升2023
    ·2023-04-14
    K
    Reply
    Report
  • DarrenTayCW
    ·2023-04-14
    thanks
    Reply
    Report
  • uyc
    ·2023-04-14
    ok
    Reply
    Report
  • SpiDeY_UnLtD
    ·2023-04-14
    ok
    Reply
    Report
  • AllFathers
    ·2023-04-14
    ok
    Reply
    Report
  • mavis88
    ·2023-04-14
    👍
    Reply
    Report
  • ONG ONG
    ·2023-04-14
    k
    Reply
    Report
  • Ericdao
    ·2023-04-14
    Thanks
    Reply
    Report
  • Omega88
    ·2023-04-14
    nice
    Reply
    Report
  • Newcomer007
    ·2023-04-14
    k
    Reply
    Report