$Dow Jones and $SPY 09.05.2023
Good morning....Yup market is slow, low liquidity and lots of Bull traps But this flat period will be over soon. $SPY is ready to buy 450 if it is broken then next will be 459 which is key resistance before 480. Now we have a clear picture and the structure of market is been formed. This means if any day of this week we will close above 450 market will settle bull push towards 459. It won't be quick slow and consistent. Maybe mood will change and it will be fast. Anyhow i wont buy anything today probably tomorrow. Economical data came Factory Orders, Durable is stable. Market is strong and willing to take new highs. $TSLA will break 300 this year targets are still on. $AAPL will start with iPhone 15, and $GOOG will have positive boost on AI technologies. I wouldnt say that market is safe 100% now but its there. Any flat trend have its own end and it will be on this week. $DJIA will go to 38000. Check charts and be ready. Stay tuned.
$DJIA
$SPY