SPY : The gap in weekly chart has been closed. A reversal soon ?
Technically ; we should expect a reversal attempt somewhere here around as the gap in weekly chart has been closed now.
As the FED is pumping huge amount of money into the markets, stock markets may soar further but the questions is ; where is the limit ? The FED will / should say ; "hey guys, that was too much, stop and let's give a break now."
And relying on the technical analysis attached, my gut-feeling is that we are approaching to that point.
As the FED is pumping huge amount of money into the markets, stock markets may soar further but the questions is ; where is the limit ? The FED will / should say ; "hey guys, that was too much, stop and let's give a break now."
And relying on the technical analysis attached, my gut-feeling is that we are approaching to that point.
