I believe SPY will eventually retest the high it may take about 3-4 months then it will pullback I predict we will hit a recession this year! I plan to short SPY once it retests the high.
UnknownUnicorn1170994
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@MGRoberts, This is based on my research on the SPY in my book "Discovering The Pattern"
Reallifetrading
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@MGRoberts, Noted. Thank you for the intel sir. WE Shall see... : )
mikeram1971
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I'm concerned about this Resistance on the 50 period (D) moving average. Perhaps the tape will tell tomorrow if we are going to get a push. Otherwise, my Exit is going to have to come down some considering this Trading Plan was just a Swing Trade.