$SPY Reversal Spot
If the lows are in, look for 50%-61.8% retrace over next few weeks.
Bullish Divergence showing, as well as pivot points from 2018-19 as support.
Bullish Divergence showing, as well as pivot points from 2018-19 as support.
Note
support and resistance lines are used for a reason.price literally bounced of the dotted line of previous support, and bounced.
hopefully that is the last test down there and this trade can run.
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Related publications
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.