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Santa Rally .. Spy
SPDR S&P 500 ETF TRUST
Long
Santa Rally .. Spy
By ContraryTrader
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Dec 26, 2022
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Dec 26, 2022
Falling wedge playing out here.. This pattern could push us up to any where between 393-400...
Any entry should have a 375 stop loss.
First stop would be daily 50sma or 386.50
I think the bullish targets will be met by friday January 06 2023..
Why 1/6? Dec job reports , Average hourly earnings numbers are released
Trend Lines
Wedge
ContraryTrader
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