S&P500 Index (SPY) Buying the Dips

By VasilyTrader
snapshot

nice correctional movement on spy yesterday.

the price perfectly dropped to a support line of a major rising channel.
this support matches perfectly with a 618 retracement of the last bullish impulse
+ bullish engulfing candle formed, confirming the strength of structure.

I believe that now it can start recovering.

goals:
3507
3560
Chart PatternsS&P 500 E-Mini Futuresforecastfundamental-analysisfuturexindexesS&P 500S&P 500 (SPX500)StocksTechnical AnalysisTrend AnalysisWave Analysis
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