$SPDR S&P 500 ETF (SPY.US)$ So far, we're getting the exact ...
$SPDR S&P 500 ETF (SPY.US)$ So far, we're getting the exact price-action on SPY and GME that I predicted in my latest market analysis video.
SPY used this momentum to jailbreak itself out of the descending channel it has been in. Now, the question is, is this a legitimate breakout which will be followed by new ATHs, or is this a big bull trap?
SPY used this momentum to jailbreak itself out of the descending channel it has been in. Now, the question is, is this a legitimate breakout which will be followed by new ATHs, or is this a big bull trap?
I think we will have to be "data dependent" to find out, but I am absolutely keeping this massive rising wedge pattern that we've been covering in the back of my mind, whose current target is still no less than ~480, as well as reliable recessionary indicators such as the 10-2 yield curve re-steepening and Sahm rule.
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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