It is clear from the chart above that SPY is now supported by both the vertical long term support line and a psychologically strong 300 level.
So, I am waiting for a correction to the 300 lvl, and going long big time.
However, watch the mkt closely when doing that. If spy breaks below 300 it stays there for some time I am sure, so get out of your long. And wait.
If the mkt goes below the long term support line, I would consider shorting.
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So, I am waiting for a correction to the 300 lvl, and going long big time.
However, watch the mkt closely when doing that. If spy breaks below 300 it stays there for some time I am sure, so get out of your long. And wait.
If the mkt goes below the long term support line, I would consider shorting.
Please, like, comment!