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ponzialchemist

SPY - End of year rally in sight

Long
SPDR S&P 500 ETF TRUST (BATS:SPY)  
ponzialchemist Aggiornato   
BATS:SPY   SPDR S&P 500 ETF TRUST
Technical Indicators SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
5
3
indicator spy spx500
Correction looks done and all indicators look ripe for a reversal end-of-year rally to new ATHs. There could be another sweep of lows set before the Oct OPEX, but right here looks juicy for a swing long.
Commento:
Got the bounce from the buy zone but broke back down, this correction is now deep enough to consider a new bear market leg but will not be shorting into the hole here. Expect a bounce sometime next week into the end of November.
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