Mek
346 posts

Mek
@justmek_
Just Cooking. Slack: Mek Discord: Mek#8502



$SPY $QQQ SPY - weekly chart analysis ❤️ Tea time anyone?… ☕️ My target 🎯is $500 Well, the neckline of a cup and handle pattern can’t be anymore clear than this 🙌 So we are a little overbought, often the last week of November and first week of December can have a little softness before strong seasonality kicks in. And, often when u get to an important point of resistance you contend with it However, bullish cross on weekly MACD is just starting and it’s positive that it’s happening above the zero line, but RSI is back at a previous pivot resistance What we want is not always what we get, but I would like to see us break convincingly above that neckline, then come back and test it and flip former resistance into support, if we got that I believe the market would go for all time highs above that S/R flip in my opinion 😘🍌


















