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S&P 500 Index
Long

S&P500 Index (SPY) Accumulation & Bullish Continuation

By VasilyTrader
snapshot

hey guys,

it looks like spy is preparing for a bullish continuation.
with a sequence of higher lows on a daily and weakening bearish retracements,
the price is one more time testing 3230 horizontal resistance.

being broken to the upside (daily candle close above) it will trigger a buying reaction and the market will start growing further.

next goals will be based on this winter's highs:
3325
3385

Chart PatternsS&P 500 E-Mini Futuresfundamental-analysisfuturesindexesnasdaqS&P 500S&P 500 (SPX500)StocksTrend AnalysisUS30Wave Analysis
VasilyTrader
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