3 ms·
Look at SPY weekly, week of 10 Oct '22. Bottom of inverse H&S. That's just one technical indicator but a lot of very talented traders will tell you not to mess
by themodelplumber 4y ago
Look at SPY weekly, week of 10 Oct '22. Bottom of inverse H&S.
That's just one technical indicator but a lot of very talented traders will tell you not to mess with that one in particular. Which could mean a big summer in '23.
Looking at SPY Monthly though, a good case for first shoulder of a proper H&S to complete sometime later this year, that'd be dippy. SPY M also showing incoming MACD & RSI crossovers, boom, that'll send it but again, watch out afterward.
No predictions though, those are not a good idea for beginners. Better to have a responsive, dynamic plan or system than a single set of predictions...prediction is overrated.
Not investing advice.