Ekoch1997

Cheap SPY - Long Term Trend Following

Long
Ekoch1997 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
The S&P500 has been following a nice long-term trend. The current trend is making way for a bounce of 1-2% off of the rising floor. Additionally, the RSI and Stochastic confirms that the SPY has been oversold. Look for $250/share in the coming days.
Comment:
SPY broke through support! We may see a reversal coming!

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