Rashad
Short

SPY approaches resistance at ~$218, likely pullback to ~$213

AMEX:SPY   SPDR S&P 500 ETF
67 1 2
SPY             potential pullback to about $213. Currently at 216.27, Looking for SL at $218.50 (-1.03%), TP at $213(1.511%).

Drew two Fibonacci retracements. The first was draw from the relative maxima prior to the BREXIT, to the relative minima created by BREXIT. The second was drawn from the relative minima created by BREXIT to an assumed local maxima in the event of a pullback.

MFI             is simple RSI , 8 period.
Rashad
2 months ago
Looks like I was right! Took slightly longer than anticipated however...
Reply
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