abigreen

NVIDIA DAY

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BATS:SPY   SPDR S&P 500 ETF TRUST
SPY touched the bottom of the uptrend line.
Looks healthy and if NVDA has good earnings tomorrow, SPY will reach 510
I have a feeling 510 is the target for this year and from there my outlook is bearish.

IF NVDA fails to deliver, then 480 would be my target
Kommentera:
SPY is moving sideways, awaiting minutes and NVDA earnings after the bell.
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SPY felt under the channel and was having hard time to get back in. All depends on NVDA report.
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NVDA is out and stocks are moving up.
Looks like 510 is given
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If Apple can break through 185 resistance, SPY will land at 310-312
I do believe its the last push from this over bullishness
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US500 closing to major resistance.
Tomorrow we may gap up and wouldn't be surprised to see huge sale-off
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its either another push in the morning, and then consolidation or we
dump to 503 and then shoot to 510-12
1h overbought
mac crossing bearish
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target was reached and I am on the sideline
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