After FOMC, $SPDR S&P 500 ETF Trust(SPY)$ is about to make a massive move towards $700+ and 20% 1 year from now.
Here's 3 basic things to know about SPY daily chart:
1. For next 2 days supports more buying now above $660 area. It has now been 2x now at this $660 level.
2. Institutions added even more to their holdings after JPOW speech defending the key level of support at $655.
3. Massive volume entered market right after uncertainty is gone.
Melt-up is coming and Sept 30th explosion. You'll see what I mean for $Tesla Motors(TSLA)$ $NVIDIA(NVDA)$ $Apple(AAPL)$ $Meta Platforms, Inc.(META)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $IONQ Inc.(IONQ)$ $Amazon.com(AMZN)$
A candlestick chart displaying SPY stock price movements. Green and red candles indicate price changes, with horizontal lines marking key levels at $660.64, $659.12, and $655.26. Yellow arrows highlight price trends and volume spikes, with a volume bar chart below showing green and red bars. Text overlays include price levels and volume indicators.
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