SPY ascending triangle

31 Mar 2020

SPY are currently at the ascending triangle same as NVDA or AMD yesterday. Here is potential to broke it up and go tested 0,5 Fib from last fall -> it's at 266 which is really close. Next potential stop can be around 272 where is POC from 3 years volume profile.

31 Mar 2020

Not

There is big chance to broke ascending triangle to down direction. If it happens next interesting zone for me are around 246.

31 Mar 2020

Not

Tomorrow the new quarter of the year begins. It's time when the biggest funds start re-balancing their portfolios