Possible upside potential $SPY
Updated
Repeating pattern when RSI on the 1H is under 30. Momentum did not hit 2 which provides some conviction that there may be some upside potential.
Trade closed: target reached
Got my target gains today and closed call positions at the mid morning high fortunately. Huge rug pull in the afternoon. Tempted to re-enter another call but patterns got wonky in the afternoon. Gonna sit and wait for another oppurtunity. If i had to guess, I think we might be side ways tomorrow and maybe see some price action on friday.
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