2H SPY scenario. next fews days up. Hit resistance, head lower
Hello folks,
Inflation data looking good, job market weakening. Following good news of last few days. Market is going to head higher slowly until it hit resistance. Expect a drop down from there like previous technical analysis is showing. After that long term seems juicy.
Very short term, caution.
Long term its buy
Have to remember that no one can predict the future. I try to asses the market based on technical and fundamental analysis. None of this should be considered financial advice.
Inflation data looking good, job market weakening. Following good news of last few days. Market is going to head higher slowly until it hit resistance. Expect a drop down from there like previous technical analysis is showing. After that long term seems juicy.
Very short term, caution.
Long term its buy
Have to remember that no one can predict the future. I try to asses the market based on technical and fundamental analysis. None of this should be considered financial advice.
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