SPY looking for higher after a retrace to 177 area

122 0 0
On the hourly chart, SPY             is showing 5 waves off the low. Additionally, the momentum of the rally off the Feb 5 low was very strong. The 4H chart shows the correction having completed 2 ABC zigzag patterns. The first rally was a short-covering rally. It was vicious and unforgiving. I think SPY             continues to trade higher, but some profit taking is needed first. I think it will continue to outperform IWM             , and new all time highs are definitely not out of the question.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out