SPY, SPX - New bull developing
SP500 succesfully retested 200dma, broken down trendline and 0.618 retracement of the January rally. A/D line is on the lower pane, note the strong underlying breath.
This is a low risk buying opportunity, as support is just under current prices. Rally may extend to 4600-4800 area in next few months.
This is a low risk buying opportunity, as support is just under current prices. Rally may extend to 4600-4800 area in next few months.
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