- SPY Four hour chart with cloud breakout and resistance levels.
- Last time we had a major breakout in this time frame was at 113.18 level. Before the resistance level broke out price gave a breakout above the cloud.
- We are seeing a similar breakout above the cloud. What is pending is a breakout above the resistance level which is at 122.92.
- This rally will gain further momentum if price breakout above 122.92. Getting resisted at 122.92 will be negative.
No comments:
Post a Comment