SPY close analysis 5/2/2023

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Bears showed up as per yesterday's confirmation (see related post) and we found support just below 409. That's a bit deeper than I expected today but well within a pullback threshold.

Tomorrow is interest rate decision. It's a total lotto guess where things will go from here: gaps at 405 and 415 both beg to be filled. The initial move will most likely wick into one zone and be the false move with the follow-up real move in the opposite direction. My long term bias is still bullish-leaning into the 420's.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.