SPDR S&P 500 ETF TRUST
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๐Ÿดโ€โ˜ ๏ธMarket crash 2021 BIG UPDATE: Bull trap on SPY and more...

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Hi mates, i sharing my thoughs about markets from last week and my view for week ahead.

So there is little summary of last week:
  • Stocks SPY and QQQ had another up week and reach another all time high
  • President-elect Joe Biden promise another $2000 stimulus
  • BTCUSD soared to 40K and reach all time high
  • TNX rose above 1%
  • Labor market worsening, key economic data showed last week
  • GC1! Sellof more than 4%
  • DXY bounce from support at 89.50 level


US Dollar Index - DXY
Dollar index created inverted Head & Shoulders reversal pattern in demand area and started boucing off the lows, supported by massive divergence on long term CCI
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Volatility index - VIX
S&P 500 Volatility index is still well above 20 level from 2020 and its set up for another bounce from its demand zone on 19.50 level
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10 Years Trasury Yield
Yield of 10-y Treasury pumping up momentum. Last week advanced more than 20% thats big move, compared several weeks ago
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Next week we expecting some important economic numbers and events:
  • CPI and Core CPI
  • Beige Book
  • Unemployment Claims
  • Fed Chair Powell Speaks
  • Retail Sales and Core Retail Sales


Through next week i expect higher volatility will come. At friday AMEX:SPY created bull trap by candlestick pattern hanging man by piercing higher rising channel line supported by divergence on long term CCI. So i will play stocks very carefully next week for long side. We can observe some flow into Financial, Healthcare and Materials sector so these sectors could be a good play for next week.Expecting further rise of DXY and TNX so this could make some further pressure on commodities like GC1!.






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