To The Moon

$S&P 500(.SPX)$ The price has reached the 300-day simple moving average at 4142, which is the key🔑 level to break through and will prove to be support going forward. 

Day chart shows SPX hitting the MA300

If the $S&P 500(.SPX)$ quotes above the 300 SMA it signals upside potential, if it quotes below it, it signals downside risk.

During Wednesday's trading, the 300 SMA resistance level was broken intraday today, but the $SPX dipped again and failed to close above.

Today's price action in the stocks after the FMOC, J Powell speech got this market to new highs pay attention to the levels as support~Buy & Resistance~Sell.

• This level must be in support of calls that work from this level.
• Trading below the 300 SMA signals a possible consolidation and put options would be in play
• For put options to work from this level, the 300 SMA must remain resistance and the EMA 4 at 4078 must be broken

$SPDR S&P 500 ETF Trust(SPY)$ ,$Direxion Daily S&P 500 Bull 3X(SPXL)$ ,$Direxion Daily S&P 500 Bear 3X Shares(SPXS)$

The $DJIA(.DJI)$ is also tested It's new trendline today. Which Is the upper boundary of a new falling price channel.

Source from Ron Walker, Youtube's Premier Analyst, Chart Truth Detector,

Here is Another chart give to you to see, is the market going to start another bulltrap?

As History is always surprisingly similar, the bear market always comes in a frenzy, and it is always accompanied by Bull Trap in recent.

Below are some observations from Twitter i would like to show to tigers:

1) $S&P 500(.SPX)$ last night above Dec high, next will reach Aug high at 4,325points?

2) $Invesco QQQ Trust(QQQ)$ has also overcome the December high, the next target is the August high at $334?3) The $VanEck Vectors Semiconductor ETF(SMH)$ has overcome the high of August, now it is a question of breaking the high of March at $284?

4) The $iShares Russell 2000 ETF(IWM)$ also above Nov high, and the next target may be Aug high at $202.