Looking at $SPOT we can see a descending wedge. A bullish pattern however we are just needing to confirm a breakout of trend. With the $AAPL news may be the catalyst it needs. In my personal opinion based off of RSI and TTM squeeze, I believe we will see a cool off of buyers before jumping into another run. All of this will be determined by $SPY. I believe we will see $SPY red/chop until Tuesday(9/14/21) before reversing off of daily trend respecting the ascending wedge. If $SPY runs red and we see a daily close on $SPOT below 245.50 I will play shorts, however, if we see green on $SPY and a hold above 245.50 we see green. A break and hold of 245.50 would be an early entrance a safer entrance for longs would be a break and hold of 255.50.
Would love to hear your opinion on this TA!
Would love to hear your opinion on this TA!