SPY: Bullish Deep Gartley with Bullish Divergence
Updated
The RSI on the SPY has Double Bottomed while confirming a Bullish Divergence as the SPY was testing the PCZ of a Bullish Deep Gartley, in addition to the RSI Divergence, the MACD has also confirmed Bullish Divergence and it would seem that the SPY may make its way up to the 100% - 161.8% retraces in the coming sessions.
Trade closed: stop reached
My premarket psoition got stopped out but I will likely enter a Bull Put Vertical Spread later as I think a lot of this pre market activity will be undone or atleas coming back up to around $497
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