$SPY update
Beautiful mid-day reversal after consecutive red days. As of the technicality of the trend, we are in the 5th wave of 5 waves theory. The dip or Retracement almost or at least the candlestick wick reached the 61.80% level which indicates that we are starting the another uptrend. To confirm this , we have a high volume which means people are buying the dips and for the 50 MA, its crossing the trend and changing direction indicating a upward reversal.
This based on my humble knowledge and I’m not an expert nor a financial advisor!
This based on my humble knowledge and I’m not an expert nor a financial advisor!
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