SPY: 3,2,1 Blast Off
Buyers have yet again taken price above a low volume buy bar.
Price went above the low volume bar of April 13th and those
three following bars were "normal" volume days which is a strong
indication that the buying is strong and we are definitely headed
higher.
There might be a small correction but it is highly probable
we are going to continue to put in new highs on the S&P. According to the daily chart
as it is right now, 4,300 on the S&P is a reasonable price target.
Price went above the low volume bar of April 13th and those
three following bars were "normal" volume days which is a strong
indication that the buying is strong and we are definitely headed
higher.
There might be a small correction but it is highly probable
we are going to continue to put in new highs on the S&P. According to the daily chart
as it is right now, 4,300 on the S&P is a reasonable price target.
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