It is clear from the chart above that SPY is now supported by both the vertical long term support line and a psychologically strong 300 level.
So, I am waiting for a correction to the 300 lvl, and going long big time.
However, watch the mkt closely when doing that. If spy breaks below 300 it stays there for some time I am sure, so get out of your long. And wait.
If the mkt goes below the long term support line, I would consider shorting.
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So, I am waiting for a correction to the 300 lvl, and going long big time.
However, watch the mkt closely when doing that. If spy breaks below 300 it stays there for some time I am sure, so get out of your long. And wait.
If the mkt goes below the long term support line, I would consider shorting.
Please, like, comment!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.