Ujniwal

SPX500- SPY ETF trading idea

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Hi Traders,

Market been bearish from Friday but we might see some reversal from here if SPY hold up 400 level.

SPY has tested 0.786 Fib level yesterday. Future running green at this stage, Market might gap up when open. watch out 400 level if market hold 400 level it can go up 404-405 level.

SPY just sitting at 50 SMA

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