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MarketVictor

$188.00K

Jul 10

$SPY Daily Market Analysis
Quickly identify market sentiment: Short-Term = Bullish 🟢 Long-Term = Bullish 🟢 • Buy Signal on 4/8 🟢 • HA Bullish Cont 🟢 • Above AVWAP-Q 🟢 • Above the 20 SMA🟢 > Focus your trades on the upside, be ready for a pullback $SPY is plotting a HA Bullish Continuation pattern today which means we can likely expect a follow-thru move higher. Besides that, not much has changed from yesterday. Take the to time to jot down what stocks you'll be buying on a dip and at what price levels. If you have the capital, you can sell puts at those levels to get a lot of premium on top of that. SPY Upside targets: $613 - ATH (Achieved) $630 - July R1 Pivot $650 - 1.618 Fib Extension SPY Downside targets: $576 - Technical Support (Achieved) $605 - Previous resistance
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