Buy SPY

I have been watching SPY and /ES pull back from February's malaise, following January's rally, and it has now gotten to the key 50% Retracement Level of the October - January trend.

My spike indicator also triggered on this morning's opening 30 minute bar.
snapshot

This sets up a textbook long trade in the SPY itself.
50retracementspike-tradingSPDR S&P 500 ETF (SPY) Trend Analysis

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