Potential breakout of bull flag if it bounces back after retest of 200 SMA. Could see an attempt for new ath.
Spy needs to reach 602.23 and hold that floor before the breakout. Watch for volume spike and close above 603. Watch for confirmation on the breakout.
Potential entries based on risk - 603.61 & 602.95
If volume or momentum declines, we could see a potential breakdown back towards 598.
Watch out for fakeouts.
Spy needs to reach 602.23 and hold that floor before the breakout. Watch for volume spike and close above 603. Watch for confirmation on the breakout.
Potential entries based on risk - 603.61 & 602.95
If volume or momentum declines, we could see a potential breakdown back towards 598.
Watch out for fakeouts.
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