$SPDR S&P 500 ETF (SPY.US)$Don't have time for screenshots. SPY really looks like it's targeting the 200 daily SMA around 573 with a small multi-day rising wedge up into Res. Breakdown target would only be about 18 points, which would roughly target the 50 daily SMA, but if it plays out it could set SPY up to move higher and break the 200 SMA by giving it some relief/profit-taking. Doesn't have to happen, or it could overshoot to the downside. Similar setup on$Invesco QQQ Trust (QQQ.US)$
neohimura
OPB2tradinging
:
the price will touch the 200 Moving Average indicator line only daily chart at 570... 200 MA on daily is an important indicator. Could be a trend change. I could be wrong but better be careful.
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SPDR S&P 500 ETF Stock Discussion
Doesn't have to happen, or it could overshoot to the downside.
Similar setup on $Invesco QQQ Trust (QQQ.US)$
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