I like to write today,
I see
SPY at a critical point right now, Im ultra long stocks and hedged today with a short SPY,
because:
We reached the target of a quarterly trend and didnt go higher for a long time.
We have a strange political situation which news affect the markets (more than usually) (positive and negative).
Were coiling at the top again after an insane rally from the lows.
But there are reasons to be bullish:
If we stay up this month we can form another longterm signal (6 month) until end of october and see an insane continuation rally. Target would be about 720 inSPY and I guess its above all targets from US Banks for S&P.
Lets see whats coming and play it safe and with some calculated risks, its not safe out there but there are many oppurtunities.
1 step better every day, every week, every month and every year - my wish for you.
I see
SPY at a critical point right now, Im ultra long stocks and hedged today with a short SPY,because:
We reached the target of a quarterly trend and didnt go higher for a long time.
We have a strange political situation which news affect the markets (more than usually) (positive and negative).
Were coiling at the top again after an insane rally from the lows.
But there are reasons to be bullish:
If we stay up this month we can form another longterm signal (6 month) until end of october and see an insane continuation rally. Target would be about 720 in
SPY and I guess its above all targets from US Banks for S&P.Lets see whats coming and play it safe and with some calculated risks, its not safe out there but there are many oppurtunities.
1 step better every day, every week, every month and every year - my wish for you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.