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10/11 Uptrend is still strong

(2023-11-01 08:01:05) 下一個

SPY is doing well today as bond yields fall, and investors are still digesting the Fed’s data, which probably depends on the consumer price index (CPI) data scheduled to be released tomorrow (10/12).
Technically, the SPY shows a daily Bullish hammer candlestick pattern, which suggest the uptrend strength is still not wear out. 


Feel like the SPY will fill the Gap SPY 435 to 438 in the coming 1 to 2 trading days. Anyway it still in the uptrend track since Oct 4, hold your long position, and let your profit run till you see direction pause or change.  Good luck. 

 

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