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SPDR S&P 500 ETF TRUST
Long

SPY LONG IDEA

By AMIT-RAJAN
Updated
Price looks good after breaking and closing above a curved falling resistance trendline so for before going long I want a more confirmation of a breakout of horizontal trendline also on daily candle above closing basis, for this 420 is looking a good support on daily candle closing basis.



Targets are 449, 460, 470



KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.




Regards-: Amit (AR)
Trade active
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Spy it is performing good and spying for the sellers lol!!

Stop loss- moving mine stop loss to my cost and leaving it free
Current price 443 from 433, cheers


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looing retest done
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Very close to target 1
Stop loss update- I am updating my stop loss to cost now will sit for the targets.
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Target one reached
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Almost touching the resistance based target two, after the break of target 2 we can see target 3 soon
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Trade closed: target reached
Spy Target Update
All targets complete, And price taken exact resistance on resistance target two if break and close above could be a fresh breakout. Closing this idea completly will publish a new one if i will a new trade in it. Thanks for reading and supporting my publication friends.

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Trend Analysis
AMIT-RAJAN

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