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Mauriello
Sep 26, 2020 8:14 AM

SPY SPDR S&P 500 Trust Technical Analysis Long

SPDR S&P 500 ETF TRUSTArca

Description

Based on simple Technical analysis, the wisest option is to Hold - Stand aside -

Breakout of the trendline: Weakness signal
Breakout of the EMA: Weakness Signal
Major trend is bullish: The idea is to invest in the trend direction.

I would be tempted to go long although is too risky - Option 1 - 60% to follow the major trend
Comments
Dr_Roboto
Nice chart. Only one thing missing.

Option C: corrective wave B to the 340 level and then wave C to 300 or lower.
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