SPDR SPY ETF: Fade
In my opinion, fade that in. You have a technical Cup and Handle on the Week and Day (In Bullish Formation). 50% Bullish Retrace to 388. Top side would be 400. In my opinion, I am buying this as an Investment. We have a 10% plus Bullish Retracement now. It's time to start looking for buys. My targets are 400-405, and 385-390. Interim: There may be a large pullback to 428-433 for relief.
Two Speculative Targets: 580-600, and 270-290.
Keep an eye out for a Bullish Reversal Pattern at 400 or 388.
Keep an eye out for a breakdown at 388. That suggests 350.
Keep an eye out at 350, for if you breakdown, you shall breakdown hard.
Lucky Trading,
Mr. Storm
Two Speculative Targets: 580-600, and 270-290.
Keep an eye out for a Bullish Reversal Pattern at 400 or 388.
Keep an eye out for a breakdown at 388. That suggests 350.
Keep an eye out at 350, for if you breakdown, you shall breakdown hard.
Lucky Trading,
Mr. Storm
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