Fontas

SPY long until January

Long
Fontas Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
5
2 green candles on heiken ashi. Every historical instance of this has signalled the end of short term corrections down. Daily oscillators have bottomed.

Projected is the probable price path according to historical instances from 2009, 2010, 2012, 2013. All time high in January is possible.

In the emergency case that correction is larger than expected, expect 1960 bottom. But stop loss at 2040 (1%) will prevent losses.
Trade active:
Continuation of trade. Raise stoploss to 2075
Trade closed manually:
Trade was closed when it reached the new 2075 stoploss. Mild profits.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.