Buyers stepped in at the expec

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Buyers stepped in at the expected level!

- Continuing from yesterday's sharing, price action did play out well

- Golden pocket / 407 (bottom of buy channel) responded well, of course also helped by Powell speech

- We are once again trying to break 417 (in TA world, 3rd try is key as if it breaks, it will, if not, then the rejection will be significant)

- Upside 420 to 430 looks possible if the squeeze/rally continues.

- Downside look out for bottom of channel (about 409 as we go forward)

@TigerStars @CaptainTiger @LMSunshine @melson @Deposit

$SPY(SPY)$

# Technical Analysis

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YesMdm
·02-08
support at 408 appears strong. rebounded twice when bears tried to break below it..
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- Asphen:
  sharp you are. yes, 407/408 seems the holding level.
  02-08
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mac0racle
·02-08
After Powell’s talk, market will rise
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1
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- Asphen:
  seems so
  02-08
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melson
·02-08
allez !
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- AsphenReplying tomelson:
  how are you positioning? wait for the pullback and dump?
  02-08
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- melsonReplying toAsphen:
  human nature
  02-08
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- Asphen:
  really weird market. creates alot of fomo.
  02-08
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Ha0
·02-08
ok
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1
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Alan75
·02-08
ok
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1
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alfo
·02-08
k
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Kristo
·02-08
bullish
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- Asphen:
  trap?
  02-08
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wire
·02-08
👍
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JamesfromSG
·02-08
👌🏼
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Ivantcw
·02-08
Thanks
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- Asphen:
  you welcome
  02-08
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analysis.","image":"https://static.tigerbbs.com/e6324b5c4404749c5b786e45e4947245","follow":false,"allowFollow":true,"jumpValue":""}],"images":[{"img":"https://community-static.tradeup.com/news/ec415a8ffd1753184a5ffb0f05999a6a","width":"1280","height":"780"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/ec415a8ffd1753184a5ffb0f05999a6a","width":"1280","height":"780"}],"html":"<html><head></head><body>Buyers stepped in at the expected level!\n \n- Continuing from yesterday's sharing, price action did play out well\n- Golden pocket / 407 (bottom of buy channel) responded well, of course also helped by Powell speech\n- We are once again trying to break 417 (in TA world, 3rd try is key as if it breaks, it will, if not, then the rejection will be significant)\n- Upside 420 to 430 looks possible if the squeeze/rally continues.&nbsp;\n- Downside look out for bottom of channel (about 409 as we go forward)\n<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars &nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger &nbsp;</a><a href=\"https://ttm.financial/U/4113904591642392\">@LMSunshine &nbsp;</a><a href=\"https://ttm.financial/U/4123471905369072\">@melson &nbsp;</a><a href=\"https://ttm.financial/U/3577700186071729\">@Deposit &nbsp;</a>\n<a href=\"https://ttm.financial/S/SPY\">$SPY(SPY)$&nbsp;</a>\n<img src=\"https://community-static.tradeup.com/news/ec415a8ffd1753184a5ffb0f05999a6a\" tg-width=\"1280\" tg-height=\"780\"></body></html>","htmlText":"<html><head></head><body>Buyers stepped in at the expected level!\n \n- Continuing from yesterday's sharing, price action did play out well\n- Golden pocket / 407 (bottom of buy channel) responded well, of course also helped by Powell speech\n- We are once again trying to break 417 (in TA world, 3rd try is key as if it breaks, it will, if not, then the rejection will be significant)\n- Upside 420 to 430 looks possible if the squeeze/rally continues.&nbsp;\n- Downside look out for bottom of channel (about 409 as we go forward)\n<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars &nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger &nbsp;</a><a href=\"https://ttm.financial/U/4113904591642392\">@LMSunshine &nbsp;</a><a href=\"https://ttm.financial/U/4123471905369072\">@melson &nbsp;</a><a href=\"https://ttm.financial/U/3577700186071729\">@Deposit &nbsp;</a>\n<a href=\"https://ttm.financial/S/SPY\">$SPY(SPY)$&nbsp;</a>\n<img src=\"https://community-static.tradeup.com/news/ec415a8ffd1753184a5ffb0f05999a6a\" tg-width=\"1280\" tg-height=\"780\"></body></html>","text":"Buyers stepped in at the expected level! - Continuing from yesterday's sharing, price action did play out well - Golden pocket / 407 (bottom of buy channel) responded well, of course also helped by Powell speech - We are once again trying to break 417 (in TA world, 3rd try is key as if it breaks, it will, if not, then the rejection will be significant) - Upside 420 to 430 looks possible if the squeeze/rally continues. - Downside look out for bottom of channel (about 409 as we go forward) @TigerStars @CaptainTiger @LMSunshine @melson @Deposit 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