I bought SPY again. After setting a new ATH the market retraced to the support line of a major rising parallel channel on a daily. My confirmation was a bullish breakout of an expanding wedge pattern on 1H time frame.
I expect a bullish move to retest the current high & then to new highs.
❤️Please, support this idea with like and comment!❤️
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.