$SPY $ES_F - $XLE looks ready to rip after gap fill - Buy $63.89
- 161.8+ Ext from 3/2011 high to 9/2011 low
- A perfect 61.8 retracement from from 5/2008 high to 10/2008 low
- Major Support at 58.93
- Looks like a double bottom
- Accumulation began 8/28/2015
- Open gap fill below at 63.89 area
- CMF + = Money Inflow
- Sto, higher highs & lows
-Macd, higher highs & lows - crossed above 0
This is a beautiful set up to swing long.
Two things: It looks like it was about to start mark up, but then began re-accumulation. It could trigger a buy on both PAR SAR and VStop at 69-69.70. But, I suspect the crooks will fill the gap below at 63.89, so they can accumulate more. That's Where I would swing long
- A perfect 61.8 retracement from from 5/2008 high to 10/2008 low
- Major Support at 58.93
- Looks like a double bottom
- Accumulation began 8/28/2015
- Open gap fill below at 63.89 area
- CMF + = Money Inflow
- Sto, higher highs & lows
-Macd, higher highs & lows - crossed above 0
This is a beautiful set up to swing long.
Two things: It looks like it was about to start mark up, but then began re-accumulation. It could trigger a buy on both PAR SAR and VStop at 69-69.70. But, I suspect the crooks will fill the gap below at 63.89, so they can accumulate more. That's Where I would swing long
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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.