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andre_007

Will SPY fill the gap or make a short squeeze?

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
andre_007  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Fibonacci Wedge Oscillators SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index) Fibonacci Retracement wedgepatterns DMI dmistochastic gap
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fibonacci wedgepattern oscillator spy spx500 spx fibonacciretracement wedgepatterns dmi dmistochastic gap
I would bet on the short squeeze... sometimes the market doesn't follow logic, but I could be wrong, obviously.

1. Price testing long pandemic retracement of 21.4% at $ 405.49.
It broke 38.2% short retracement from the last top.
Stochastic DMI in dangerous region.
snapshot

2. Is there still room to go up?
snapshot

Idee correlate

andre_007
⚠️ SPY with OBV in bearish divergence
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