VasilyPonomarev
Long

S&P500 Index (SPY) Accumulation & Bullish Continuation

FX:SPX500   S&P 500 Index

hey guys,

it looks like spy is preparing for a bullish continuation.
with a sequence of higher lows on a daily and weakening bearish retracements,
the price is one more time testing 3230 horizontal resistance.

being broken to the upside (daily candle close above) it will trigger a buying reaction and the market will start growing further.

next goals will be based on this winter's highs:
3325
3385

Comments

How simple market it is:)
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Looks very bullish, good analysis mate!
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VasilyPonomarev Antonio_trader
@Antonio_trader, thank you bro!!!
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IM NO SO SURE ABOUT THAT
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I think there will be an all time high and then a big correction even lower than the one in March
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VasilyPonomarev Robinsmagicshow
@Robinsmagicshow, thank you for comment my friend!
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So us30 will do the same?
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VasilyPonomarev Stephannieex33
@Stephannieex33, I never trade correlations so I don’t know) but most of the time yes, they do almost the same thing
Reply
You are very experimented trader :) good analysis mate !
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@pring2751, thank you 😊
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