Platabebe Retail Investing Trading Blog

Here’s your update right into the last week of august SPY ETF. Fed Jay Powell spoke on Friday and just took out the market. Thursday you actually had a nice rally into the close on the SPY ETF then Friday like end-of-the-world candles that simply absolutely took out the entire week of gains so we actually started strong on with gains Friday from Thursday then closing way down to 405.31. Next week you want to hold is simply just the 400 level so you had strong strong support at 400 before if not we see 395 to 394. Another thing many have noted is maybe this is tied to Phase 6? Who knows we will have to wait and see.

 

 
 
 
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