I have been traveling and enjoying the summer months, which typically are slow for trading, and have not traded this pullback but have gotten many questions for analysis as to "when will this stop [and I can enter the market]". #notfinancialadvice but I like the upcoming levels on
SPY in the 520 area.
There are several levels of support creating confluence here:
Trade (and invest) wisely!
There are several levels of support creating confluence here:
- What I always remind folks is that "in any given year, the stock market has 2 to 3 >-5% corrections. As of writing the pullback from the high is only 4.4%. Pulling into the 520's would put the move in -6% territory and qualify as a "healthy" pullback.
- There is a major Volume Profile level at 529 from back in May where I presume so much volume was "sold in May"
- The prior All Time High from April is at 524.
- The Daily Ichimoku cloud, which has very well contained the trend since November 2023, exists in this area and time to provide dynamic support.
Trade (and invest) wisely!
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。