UPDATE SPY Wedge
SPY Fell to bottom of the wedge's support as expected and has broken out!
The current uncertainty of the market, overbought stocks, rising inflation, and now gas & oil scares, all played a part in this move down.
Are we over yet? In my opinion no. We are just getting started to a bigger correction.
Next support is 401, which I think we will see before the end of this week.
Safe trading
The current uncertainty of the market, overbought stocks, rising inflation, and now gas & oil scares, all played a part in this move down.
Are we over yet? In my opinion no. We are just getting started to a bigger correction.
Next support is 401, which I think we will see before the end of this week.
Safe trading
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