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abigreen

SPY is looking bullish, here is why

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
abigreen Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Wave Analysis
9
2
trendanalysis chartpattern waveanalysis
BULLISH:
Healthy Retracement to its support, test (previous resistance from weakly resistance)
1-4H bullish divergence
Elliot wave count, last wave
Diamond pattern indicating reversal. (it was broken EOD yesterday)

BEARISH:
IF we break 394, we break daily support on uptrend, may go straight to 388.


Good luck!


Comment:
I am in the trade since this morning. SPY is turning bullish and may continue to the target.
Ill take it day by day.
For now I am out the 396.66
Comment:
Entered this morning on continuation, looking good.
I expect retracement, as we are overbought.
400 would be logical level to test, but by the way things look, I am not going to short it just yet.
Watch out its a FOMO mood!
Enjoy the ride :)
Comment:
took position in SQQQ for the retracment.
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