Quantific-Solutions

SPY: Potential rebound scenario

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
Expecting a recovery from the 500/505 range

Despite potential downward pressure, SPY's robust trend is poised to persist. Should prices dip into the 500-505 range, There's a strong probability of a rebound toward the 512-517 range.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.