BATS:SPY   SPDR S&P 500 ETF
269 8 2
Several reasons to continue to be bullish on SPY             . Oversold condition, ascending channel, the moving averages (100)(200) continue to be below price action and both will act as support if price action descend upon it.The last support is also a fibonacci level. Cheers fellow traders.
carrytrade
2 years ago
Agreed but 1850 is going to be one tough cookie because January has officially closed bearish unless we get a SUPER spike tomorrow.
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jmtbernardo carrytrade
2 years ago
Have patience :)
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carrytrade
2 years ago
Id rather not be long around 1850. Probably not headed for new highs and if we are its only temporary. 1660 or even better 1550 first before any true bullishness.
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carrytrade
2 years ago
181.25 is target ;)
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carrytrade carrytrade
2 years ago
If above there maybe consider 1850 but theres other markets that have less risk at this point. Like long AUDUSD.
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jmtbernardo carrytrade
2 years ago
No worries, I have time. Your target sounds logical in the short term
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stockSMASH
2 years ago
bouncin off jelly dude, this bloated pig won't fly no mo
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jmtbernardo stockSMASH
2 years ago
It just did.
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