FX:SPX500   S&P 500 index of US listed shares
480 3 13
S&P             having a very interesting cycle.It had a strong rally in the previous weeks and close to the highs.
Everybody is waiting for a correction now.
The maximum level of the correction is the 200 EMA . No more...
The RSI is already at oversold levels just like the prevoius reversals. So we might tag the 200 EMA and maybe not.

But we will run to new highs soon in the following weeks.
learningtotrade
7 months ago
So do you suggest maybe buying some option calls for SPY to play the new highs?
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chartwatchers PRO learningtotrade
7 months ago
Yes. Keep in mind that I thinkthis rally will last for till the end of June. Maybe middle of July.
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learningtotrade chartwatchers
7 months ago
Thanks!
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