SPY analysis 3/27
Even though we broke through the downside of the symmetrical triangle, I believe the long term trend (200d moving average) may hold more weight than the chart pattern. Entered into a bit of a long position today as we gapped up off the 200 day, and the former close low. Looking for another green day tomorrow, on volume, for more bullish confirmation.
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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.