Alon_AOB
Long

SPY 1-2-3 Pattern developed ?, AlphaOverBeta Market Outlook

AMEX:SPY   SPDR S&P 500 ETF TRUST
Hello traders,
The S&P500 is in an early stage of 1-2-3 price pattern development after the correction we had for the past two weeks,
Fibonacci hit it right on the head regarding the level of correction and since then the S&P500 had developed a 1-2-3 price pattern,
Once the next higher high will form, our long term bull strategy will gradually enter bullish positions in SPY .

Our models predict a bullish run all the way to Jun-Jul. this is when the US elections will start to have a meaningful impact on the markets,

More about this in alphaoverbeta.net
Trade Smartly,
Alon, AlphaOverBeta

Comments

Yesterday was a confirmation of our initial premise regarding an uptrend in the market, time to complete the order with the second half of the transaction,
Alon, AlphaOverBeta
Reply
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