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SPDR S&P 500 ETF TRUST
Long

SPY ascending triangle

By CzechCryptoBunny
Updated
SPY are currently at the ascending triangle same as NVDA or AMD yesterday. Here is potential to broke it up and go tested 0,5 Fib from last fall -> it's at 266 which is really close. Next potential stop can be around 272 where is POC from 3 years volume profile.
Note
snapshot There is big chance to broke ascending triangle to down direction. If it happens next interesting zone for me are around 246.
Note
Tomorrow the new quarter of the year begins. It's time when the biggest funds start re-balancing their portfolios
Ascending TriangleChart PatternsTechnical Indicatorsswing
CzechCryptoBunny
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