Hitting the 50% Fibinocci in the next few days ...There will be a brief retracement in the next few days until Sept 22. I suspect it will hit the 50% fib but realistically it could hit any one of the other fib lines.
The reason I am thinking it will retrace is due to the indicators looking bearish, especially on the 4 hour indicators, etc.
This is just a brief retracement lasting a few days and the SPY will continue to go up after.
Always have stops in place and only use 10% or less of your trading account.
