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10/10/23. Looks like the market confirmed for SPY @ 432 area

(2023-11-01 08:01:12) 下一个

Looks like the market confirmed SPY @432 today. It will follow through the uptrend started from Oct 4 in the coming days. However, today’s opening is kind of too high which accumulated more intense RSI. This also caused a bearish inverted hammer candlestick pattern in the very short term.  So let’s see if it can hold SPY above 432 in the coming days.

Personally I still believe the market will test the recent resistance area SPY 443 in the coming days, there may be some small pullbacks before get there.  Good luck.

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