AMEX:SPY   SPDR S&P 500 ETF TRUST
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I don't know much but been messing around with Fib levels recently. Thinking we may be in a correctional wave 4 (of 5) with wave 1 starting from the COVID Mar 2020 low. So anticipating lower on SPY and hopefully a bounce and resume higher around 368, based on Fib levels from Oct 2020 low to recent highs in Feb 2021.

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Great analysis! Whats the indicator you use that says "Long" on the chart? Never seen that before...
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steviechu waszkien1
@waszkien1, hi! Find it here: -- there are a few different settings I use but basically I try and recreate a 9 EMA and a 21 EMA. I have 5/12/0, 34/50/0, and 72/89/0 settings but don't quite know how or if they map to the 9 and 21 EMA exactly :D You should follow this guy @ripster47 on Twitter -- he's good to learn from. I think his main motivation behind using these indicators is that MAs are "lines" whereas it may be better to think in terms of "areas" to allow for more flexibility.
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waszkien1 steviechu
@steviechu, For the indicator you linked, how exactly do you use it? The dude tells you how but the line crosses come after a market drop or rise?
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waszkien1 waszkien1
@steviechu Wow! Didn’t expect a response like this. Thanks!
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