Dow Jones and SPY 07.05.2023
Good morning...Well, it is a small rise after the 4th of July. But there will be another small dip. On which I will load up. People again consuming false rise and hyped up. The opening showed that the market is not so ready to go above 443 on $SPY. $SPY needs to pull back after all that move to 444. We have now main support at 435 if it will be broken it will go deeper to 422. But if 435 will be bounced back then it's safe to get more. But there is also a different scenario for $SPY if we will penetrate the top resistance at 444.50 then rally will start towards 455. So there 2 entry spots 1. at 435 if market will go down from current level, and 2. at 444.50 if it will go up from current level. FANG and hi tech stocks got heavy but still have enough power to go furthere $TSLA res 282 target 300, $GOOG 123 target 130, $AMZN res 131 target 180, $AAPL 192 target 200. Stay tuned for positions update.
$DJIA
$SPY