BATS:SPY   SPDR S&P 500
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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.
bouncin off jelly dude, this bloated pig won't fly no mo
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jmtbernardo stockSMASH
It just did.
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181.25 is target ;)
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carrytrade carrytrade
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
No worries, I have time. Your target sounds logical in the short term
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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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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
Have patience :)
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