SPUS trade ideas
SPY History repeatIS history going to repeat itself
we are at the exact junction where we were before in OCt 2023
we fell below 200 EMA and 50 day MA
we have recovered from 200 EMA bounce and we are about to go above 50 day MA
when we go above 50 day MA then its going to be an amazing ride to the highs !!
SPUS entering the Golden Pocket SPUS or S&P500 is now entering the Golden pocket.
This technically is confirmation of the bullish reversal we have all been waiting for
The Dotted line shows the path if there is a rejection of this Fib golden pocket then the path can be like the one which happened in August where almost same levels were reached
any correction at this level may be maximum at 6% drop
If the bullish reversal is completed then we are looking at ~14% upward movement from here . So this is a great entry point.
