This is going to be a very short week, so let’s try to make the best out of it. I think that the market can now run for the next 45 days after this amazing an necessary sell off we had on the previous weeks. Everything finally lined up. We may have pullback days, but I highly doubt that we will go any lower. I am overall bullish. Still cautious as I expect a bottom formation before we rip higher. I am not putting all my money in yet. But very pleased and curious to see how we evolve from here. This is a great opportunity for the US to show that it can solve it’s problems. and set the new standard for the world, who is desperately searching for a financial leader. We are not perfect, but we all know that there is worst out there.

Watch the builders at 10am as economic data will show how he new existing home sales are doing.

$SPY 1st support is 137.40 (.29 cents under 3rd Fibonacci Retracement), 2nd support 136.80, and 3rd is 136.10.

$SPY 1st target is 138.28, 2nd is 138.42 3rd is 138.88, and 4th one just for fun is 139.25.

Trade what you see not what you think.

You Might Like

  • how to manage your swing trades when it comes to headline risk.

    Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind

  • What to do after a winning trade

    What to Do After a Winning Trade

  • SCOTUS ruling on tariffs and its impact on the stock market.

    SCOTUS & Trump’s Tariffs: Preparing for the Verdict