SPY - Still Constructive
$SPDR S&P 500 ETF Trust(SPY)$ - Still Constructive
Team green is wining so far, the candle shows indecision, but as long as the volume shelf stays as support, it can be a launchpad in any moment. 6th indecision candle in a row with overbought Stochastic.
As of now it is targeting $5780, unless the shelf is breached.
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When the price does not fall when there are several dojis, a consolidation is in play. And consolidation means a volume shelf in construction.
There is potential for the shelf to become a launchpad; in any case, bullish or bearish, a big move is coming.
Are you team green or team red?
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