Spy
Aktualisiert
Its looking like 566 will come ..
I talked about this sell on Dow,NYA and Iwm in my spy post (See link).. its happening.. once QQQ breaks below 514 spy will target 575 20sma and it may dead cat bounce but the full target is 566... All you have to do is watch QQQ , once 514 goes, its Good night.. I wont go into the technicals because you can go over my previous post on Spy and QQQ and see every thing is playing... If qqq doesnt break 514 then no sell.
And for those wondering about a christmas rally , qqq went from 498 to 540 in the first 2 weeks of Dec. U got your rally!
I talked about this sell on Dow,NYA and Iwm in my spy post (See link).. its happening.. once QQQ breaks below 514 spy will target 575 20sma and it may dead cat bounce but the full target is 566... All you have to do is watch QQQ , once 514 goes, its Good night.. I wont go into the technicals because you can go over my previous post on Spy and QQQ and see every thing is playing... If qqq doesnt break 514 then no sell.
And for those wondering about a christmas rally , qqq went from 498 to 540 in the first 2 weeks of Dec. U got your rally!
Trade ist aktiv
QQQ bounced at 509 gap close... closing above 514 means no short.. price falls back below 514 and its game on..
Right now the range is 514-526
tradingview.com/x/luBHpSwI..
If qqq pushes back over 526 it will drag spy above 609
Trade geschlossen: Ziel wurde erreicht
Anmerkung
As long as the vix holds above 18 you cant take this bounce seriously.. Vix closes below 17.00 and the market melts this last week of 2024
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