Bullish SPY
Trendlines: Pretty straightforward uptrend. Bull market intact since March 2020, stronger trendline in place since October 2020.
Moving Averages: Back above all major MA’s: EMA 9, SMA 20, 50, 100, 200. Uptrend shows some confluence with the 50 SMA.
Sometimes, it doesn't need to be overcomplicated. The trend is your friend. Stay in equities.
Interest rates are still low. T.I.N.A.- "There Is No Alternative" still holds. Don't fight the FED.
Moving Averages: Back above all major MA’s: EMA 9, SMA 20, 50, 100, 200. Uptrend shows some confluence with the 50 SMA.
Sometimes, it doesn't need to be overcomplicated. The trend is your friend. Stay in equities.
Interest rates are still low. T.I.N.A.- "There Is No Alternative" still holds. Don't fight the FED.
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