SPY looks to have broken out of a falling wedge on the 2h chart and looks almost like a cup and handle on the daily. Watching for a breakout to the upside here
The SPX, however, is not acting right. It should be like above 3500 by now and even testing the all time high
With no stimulus deal and the election coming soon, I guess the upside for this market is rather limited. The market could begin to move higher though if we get a clear winner for the election and the election won’t be contested
all good here! thank you so much for asking @stock1234 really greatly appreciate that, you rock if i'm being wholeheartedly honest with you, i've lost quite a bit of interest in the markets, really ever since the covid bounce. this might be the least amount of interest that i have had for the market since i first start getting interested in investing/trading way back in 2003. i can't really pin point exactly what it is, it's a mix of everything going on really. i do feel though the amount of manipulation in the market (which i genuinely feel is at an unprecedented level right now) has had something to do with it too. that isn't to say that there aren't good trade opportunities, etc. perhaps, if/when the powers that be actually allow the market to function normally (i know, wishful thinking right!), it will be interesting again for me...until then, it's pretty much a no-go. i still try to catch some of the action every now and then. but, admittedly the market is just not at an interesting level here. just my 2c. hope you have been doing great @stock1234! it has been a while.
Good to hear you are doing well Cy I am doing ok, having some dental issues and had to pull out a couple of wisdom teeth lately though
