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Mountaintraderfx

S&P500 STRUCTURE LONG SPY IS MOVING IN A CHANNEL, TOOK A DIP TO THE SUPPORT, THE KEY SUPPORT IS STILL UNBROKEN, THEREFORE LONG! 1- The trendline is intact 2- Horizontal support right below(gives extra confidence) 3- Buy the dip strategy seems to work on SPY 4- Make sure you hedge overnight position(IF rolling) with options, as the channel might break with a gap down! 5- Remember that OPEN/CLOSE levels are VERY important in stocks/ETF's LIKE+ SUBSCRIBE>>>PUTS A SMILE ON MY FACE!
AMEX:SPYLong
by ProSignalsFx
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