$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