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Rocketman
May 7, 2019 5:41 PM

SPY: Resistance Turns Into Support Long

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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(1) That which was once resistance is now support
(2) Fib confluence at support
(3) Moving averages all pointing up
(4) Stochastics oversold
(5) MACD still positive
(6) Other traders and Equity Strategists: Credits to the big "Ciov": A 3,025 target for the S&P 500 for the end of the year 2019.
marketwatch.com/story/one-of-wall-streets-biggest-bulls-is-looking-well-past-the-trade-drama-2019-05-07?mod=mw_theo_homepage
(7) I like buying t this price too:

Comment

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Support and ResistanceFibonacciBeyond Technical Analysis
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