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

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.

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  • YesMdm
    ·2023-02-08
    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.
      2023-02-08
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  • mac0racle
    ·2023-02-08
    After Powell’s talk, market will rise
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    • Asphen
      seems so
      2023-02-08
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  • melson
    ·2023-02-08
    allez !
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    • AsphenReplying tomelson
      how are you positioning? wait for the pullback and dump?
      2023-02-08
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    • melsonReplying toAsphen
      human nature
      2023-02-08
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    • Asphen
      really weird market. creates alot of fomo.
      2023-02-08
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  • Ha0
    ·2023-02-08
    ok
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  • Alan75
    ·2023-02-08
    ok
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  • alfo
    ·2023-02-08
    k
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  • Kristo
    ·2023-02-08
    bullish
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    • Asphen
      trap?
      2023-02-08
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  • wire
    ·2023-02-08
    👍
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  • JamesfromSG
    ·2023-02-08
    👌🏼
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  • Ivantcw
    ·2023-02-08
    Thanks
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    • Asphen
      you welcome
      2023-02-08
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