SPY is moving by the book.
SPY or the S&P had been trapped into a channel between 300 and 323.
Are we going to retreat back and retest the 200 MA around 300 or we will see a breakout soon?
All in the virus hands I guess, I feel the crowd is trying to convince themselves this corona thing is history.
But I mean how could one possibly ignore the current daily astonishing numbers.
Anyhow, Mr. Market is totally unpredictable.
Wise trading everyone.
Are we going to retreat back and retest the 200 MA around 300 or we will see a breakout soon?
All in the virus hands I guess, I feel the crowd is trying to convince themselves this corona thing is history.
But I mean how could one possibly ignore the current daily astonishing numbers.
Anyhow, Mr. Market is totally unpredictable.
Wise trading everyone.
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