Bullish or bearish?
What does everyone think of this market?
SPY right now is hanging in-between support and resistance. This past week we rally hard on Monday after finding a bottom, the previous week. As long as we hold 442 we can consolidate and try and break out over 458. If the support gives out, we can see a nice move down to 428. Then a big move down. Still earning season so depends a few of them. Some of the big names like AMZN, GOOG, AAPL, showed nice beats while FB let the market down big. Would like to see what others think if we head up or down from here.
What does everyone think of this market?
SPY right now is hanging in-between support and resistance. This past week we rally hard on Monday after finding a bottom, the previous week. As long as we hold 442 we can consolidate and try and break out over 458. If the support gives out, we can see a nice move down to 428. Then a big move down. Still earning season so depends a few of them. Some of the big names like AMZN, GOOG, AAPL, showed nice beats while FB let the market down big. Would like to see what others think if we head up or down from here.