Hey SPY Lovers we got a Pullback Target !
This is my analysis of SPY on the daily chart.
I have a leg measurement in the two strong corrections that the price has been making. In the second leg, it replicates the first one. I also have a very important point that coincides with the first leg and connects with the second one. So, no matter how low we might see the market fall, the levels 531 and 532 are a point of interest for me for a possible pullback.
I have a leg measurement in the two strong corrections that the price has been making. In the second leg, it replicates the first one. I also have a very important point that coincides with the first leg and connects with the second one. So, no matter how low we might see the market fall, the levels 531 and 532 are a point of interest for me for a possible pullback.
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