ccaru
Long

Long SPY near trendline

AMEX:SPY   SPDR S&P 500
54 1 0
While it is unsure that there is a major reversal in place, a limit order near the trendline , with a limit just below the most recent swing low and a target just below the most recent swing high would offer a trade with a favourable risk-reward ratio.
Trade cancelled as the limit order was never reached.
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