jamison.gaddy
Long

Signs of BULLISH absorption are present $208 target

AMEX:SPY   SPDR S&P 500 ETF
spy
70 1 3
spy
(1) Heavy selling on May 17, 2016 that failed to break support is a sign of buyers absorbing supply
(2) Bearish close on May 19, 2016 below support with no follow through is another sign of "dip buyers."
ChartArt
8 months ago
Great explanation of your trade idea, thanks!
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