docibby

SPY - wait .

AMEX:SPY   SPDR S&P 500
spy
Just a heads up for people trying to figure out how much lower price can go. The blue dotted horizontal lines depict roughly the top end of this range. Now the breakout higher is sold off.

WAIT for price action to show some kind of base and re-test before buying. This applies to many stocks as well.
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