My previous idea was for 
SPY to seek a channel support break to $387 before potential retracement back into channel. Today 
DXY failed to break $102 level, and may retest immediate support below before kicking off a new upwards move, causing another leg down on SPY.
I am long despite possible near-term retracement.
SPY to seek a channel support break to $387 before potential retracement back into channel. Today DXY failed to break $102 level, and may retest immediate support below before kicking off a new upwards move, causing another leg down on SPY.I am long despite possible near-term retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.