SPY Crucial Decision Point

2022年8月4日

We've reached a critical point on the chart for SPY. Between May 27th and June 9th, we found balance in the same range we find ourselves today. Last time, a red hot CPI print sent the market tumbling over 10%. At that time, I drew a few S/R lines to watch for a breakout. Interesting to see where those S/R lines stand as we enter this critical zone. Best of luck with your trading!

2022年8月8日

交易進行

A rejection of the upper resist line

2022年8月23日

註釋

We nailed the breakout of this range. Now we have another opportunity to watch the same s/r drawn in late may. We didn't see as strong of a breakout to the bullish side. Let's see where we go this time. I want to see strength in the breakout from this level. Good luck all.