The bullish case for SPY is that we've just entered wave 3 of 3 of an extended primary wave 5. If this count is correct, look for another melt up starting end of day/Monday morning, continuing next week or more. There is a bearish case, too, but I like this count.
Not investment advice.
Note
Closed inside the channel (barely), and above the 0.618. With seasonality on our side, I think we start to melt up on Monday. Look for positive stimmy news this weekend (house votes tonight).
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