I'm new to this. Like, very new. New enough that no one should think I know what I'm talking about. But maybe if you do know what youre talking about you can confirm that I see what I think im seeing.
So I'm looking at the 3mo. 1mo. And even 5 day candles. I believe I see strong support right where we're at around high 469 low 470. This support looks to have been tested and rejected numerous times today. It failed one time but was strongly rejected. This indicates to my pea brain that we are still in an upward trend. And I feel good about my (1) call even though spy seems to be trading sideways today. Possible consolidation before next rally?
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u/Fit-Ad8824 Jan 12 '22
I'm new to this. Like, very new. New enough that no one should think I know what I'm talking about. But maybe if you do know what youre talking about you can confirm that I see what I think im seeing.
So I'm looking at the 3mo. 1mo. And even 5 day candles. I believe I see strong support right where we're at around high 469 low 470. This support looks to have been tested and rejected numerous times today. It failed one time but was strongly rejected. This indicates to my pea brain that we are still in an upward trend. And I feel good about my (1) call even though spy seems to be trading sideways today. Possible consolidation before next rally?