SPDR S&P 500 ETF TRUSTUpdated SPY Ready for a Pullback
Right now we are at a all time highs. There will be some congestion or trading range action for a few days or weeks then a deep pullback to
a support at a trend line, 20EMA and 50EMA. If there is a deep or deeper pullback that breaks the trend line than we will be looking to retest the highs.
a support at a trend line, 20EMA and 50EMA. If there is a deep or deeper pullback that breaks the trend line than we will be looking to retest the highs.
Trade closed: stop reached
No pullback yet. The trend is your friend.
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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.