Posted by timebandit on 21st of Jun 2021 at 01:41 pm
SPY has followed the trend day pattern to a tee so far,
something I learned here at BPT. That said, it just reached the
61.8% fib retracement, and completed the gap fill. We'll see what
comes next
Posted by steve101 on 21st of Jun 2021 at 08:16 pm
Yeah, in the current world it pays to just follow the technicals
and be blind to the fundamentals. The company has nothing, isn't
even really a company. And yet it moved like it did. The current
environment seems more euphoric and risk oriented than into the
2000 top.
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SPY has followed the trend
Posted by timebandit on 21st of Jun 2021 at 01:41 pm
SPY has followed the trend day pattern to a tee so far, something I learned here at BPT. That said, it just reached the 61.8% fib retracement, and completed the gap fill. We'll see what comes next
yep followed it exactly, the
Posted by matt on 21st of Jun 2021 at 01:45 pm
yep followed it exactly, the typical sideways consolidation and then push again
on that consolidation the faster stochastic became oversold while the 60 Stochastic stayed above 80%, and MACD recycled back
Yeah, in the current world
Posted by steve101 on 21st of Jun 2021 at 08:16 pm
Yeah, in the current world it pays to just follow the technicals and be blind to the fundamentals. The company has nothing, isn't even really a company. And yet it moved like it did. The current environment seems more euphoric and risk oriented than into the 2000 top.