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SPY: Earnings Kicking In

Published 07/19/2017, 12:22 AM
Updated 07/09/2023, 06:31 AM

“We may encounter many defeats but we must not be defeated.” – Maya Angelou

And just like the the NASDAQ closed at new highs on the back of Netflix Inc (NASDAQ:NFLX) earnings.

We’ve got more heavy hitters on deck so we should see more strength over the next few weeks if all continues as it has.

Buying dips continues to work for now.

Gold and silver have annulled their bearish patterns but are quickly approaching resistance and they remain out of favour and not at all where the easy money is so I’m avoiding them, but still watching.

SPY Daily Chart

Solid action from SPDR S&P 500 (NYSE:SPY) breaking into new highs and now looking to be setting up a bull flag which should push it higher still.

Latest comments

The S&P 500 is like a bug looking for a windshield.
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