SPY was rejected at a key level that would have indicated a short term reversal near the 422.85 level. I expect this to retest 419 being the next support level which we touched yesterday. Using the GANN Fan as potential paths of resistace, we can see how it following the downtrend accordingly. This is shorter term view on SPY, if you're looking for longer term time frame, refer to my previous SPY posts.
In conclusion, I expect the selling to continue after the FOMC meeting yesterday, as investors, the bond market, and institutions price in potential rate hikes next year, inflation, and speculation of tapering continues.
VIX seems primed for a move, and a healthy correction is nothing that we shouldnt be prepared for.
In conclusion, I expect the selling to continue after the FOMC meeting yesterday, as investors, the bond market, and institutions price in potential rate hikes next year, inflation, and speculation of tapering continues.
VIX seems primed for a move, and a healthy correction is nothing that we shouldnt be prepared for.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.