AnasAarab

SPY Long for short term basis

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Great opportunity coming because of :

- Market pullback: QE program led by the fed
- Short sellers going to take up their money
- It's clearly shown that EMA is under the price of SPY
- The market will keep going up searching for hope to have a vaccine for next days (as hopes were shown according to GILD)

But still, for actions in long term investments, it will still bearish movements coming after catching up tp2 or tp3
Order cancelled: Oil crashes just get the rest the red day
Trade closed: target reached: TP 1 = reached