SPY no change looking to 425-430

16 בפבר׳ 2023

The SPY is still consolidating on declining volume getting ready to move. It looks like a continuation pattern(Yellow) from the overall major pattern breakout(Blue). The traditional target would be 425-430 where there is some nice resistance. If this pattern fails and breaks down, I will look for 393. This major breakout will help crypto breath really nice and BTC will most likely see 30k from it

16 בפבר׳ 2023

הערה

16 בפבר׳ 2023

הערה

And here is the weekly view which makes the volume profiles more clear

25 בפבר׳ 2023

הערה

-THIS SETUP HAS PLAYED OUT. BEARISH BREAKOUT TARGET ACHIEVED.

25 בפבר׳ 2023

הערה

26 בפבר׳ 2023

הערה

"If this pattern fails and breaks down, I will look for 393."
It obviously failed and I had flipped bearish on the retest of the bottom trend line