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RomanTraderMD
Mar 19, 2021 9:00 AM

SPY Long

SPDR S&P 500 ETF TRUSTArca

Description

HI! We are trading in a nice Rising Wedge channel and retesting the support area. In this case we may have a small pullback. The Stochastic Momentum Index is curving down + the Histogram .
Waiting for a confirmation (to hit the Fibonacci levels / On the smaller time frames (1h / 5m) to identify patterns to enter a long position.
For a small period I`m bullish on SPY.

Today may be a day with nice discounts on markets. Have a plan ! (Exit target- Entering point).

Have a nice weekend everyone! .
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