realchartchamp

$SPY Quarter 3 (Q3) Analysis

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
The S&P 500 had a correction in August and September that led to a correction back down into the EMA ribbon. I believe that SPY is trending for a strong Q4 and will make progress towards a new all-time high above $477 over the next few months (marked by the green circle). For now I would like to see a bullish bounce off the EMA ribbon.

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