• After hitting ATH on Tuesday, SPY has been moving sideways as it sits in a primary resistance zone. It hasn’t been long enough to really call it a bull flag, so we need the price to cross one of two areas to determine if the next move is bullish or bearish. Above ATH and 479.50 would start the next bullish wave, while breaking below 476…

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    OP Wire 12/30

    U.S. President Joe Biden and Russian President Vladimir Putin are set to talk Thursday amid growing tensions over the situation in eastern Ukraine.The call will…

    Beau
  • SPY is a little stuck in this zone. it didn’t break either of the levels we were watching yesterday. Slight adjustments today. Bullish target is still ATH and 479, while things start to get bearish if we break support at 475.35.

    After continuing up a bit this morning, SPY started secondary bear cycles around 5am. It is currently below…

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    Steve posted a new post. 2 years ago

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    OP Wire 12/29

    OPEC and its allies including Russia, a group known as OPEC+, is due to meet next week to assess production policy heading into 2022.Official data…

    Mugg and CaseyDan
  • SPY continued it’s bullish run again yesterday, making more new all time highs in the pre-market. The last level of primary resistance sits at 479. Beyond that, we need to look at fib levels for targets. The next one would be at 481.31. To get some bearish signals, we would need SPY to drop below 475.15 at the minimum.

    Intraday, SPY has…

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