SPDR S&P 500 ETF TRUST

SPY READY TO POP

339
Today’s action was lead by googles news on bard and 4 fed talkers staying hawkish. But we have a strong daily pattern of a outside inside bar setup this normally leads to a big move and honestly it’s getting a little late for the bulls to buy it up further giving the bears some breathing room. With almost 70,000 jobs lost this year so far earnings calls are looking like they are bracing themselves for something mild, again it’s the year of confusion that’s what I’ve been calling it so for. So I’m still feeling bullish for the time being the 2 year bond looks like it wants to drop a little which will help weaken the dollar. Tomorrow we have initial jobless claims pre market. I would like to say thanks for buying me a coffee and showing some support gbwins I try my best to put out what’s going on in the markets with my twist on the news and trend analysis again thank you very much
As always trade what’s in front of you good luck

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