2.8.22 Market Update

$SPY showed strength at the end of the session today resulting in a bullish engulfing candle on the daily chart. We are looking for a break of the weekly high (~425.79). We
$SPY showed strength at the end of the session today resulting in a bullish engulfing candle on the daily chart. We are looking for a break of the weekly high (~425.79). We
SPY closed with an inside day daily candle with higher low than this past Friday. We are seeing a holding pattern until a major catalyst, such as the CPI number this Thursday $SPY
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$QQQ The Daily MACD crossed down and the MFI has changed directions. We are looking for a bounce around the 20 EMA (375.52). #stocks #options #trading #investing #charting pic.twitter.com/SQZuKUs49e
With the markets sitting at all time highs you maybe be thinking that a pull back is in order after the historic run we have seen the past year. That said, with the