Liathetrader

$SPY - scenarios of interest

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Potential scenarios on $SPY for the upcoming weeks. 0.5 and 0.618 fib retracement and potential reversal. Will be cautious and if buying for swings I'll have stop losses right below in case this theory doesn't prove to be right. We had a strong volume on Friday's selloff, which suggests we can go lower.

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