SPY: 600 Target Reached
SPY is in a bullish channel and has rejected the channel resistance at 600. Expecting a retracement to either the 0.382 (566) or 0.5 (556) Fibonacci retracement over the next several weeks, before seeing any continuation higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.