SPY Volume Analysis Suggests Upside with Risk of Rejection

9 days ago

Stocks with Josh

"Alright, lets quickly go over to the Spy. Im going to break down what it is I like in that chart and why I think next week the markets will be higher even though we didnt break above that 666 number or that bearish engulfing candle. The story is all about volume this week. I think they can go up to 680, but if a potential MACD cross down occurs, we could see rejection down to around 640."

The speaker analyzes SPY using weekly volume and technical indicators, predicting a potential rise toward 680 based on smart money buying, but cautions that a MACD cross down could result in a decline to 640, reflecting a mixed but ultimately cautiously bullish view.

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