Yogigolf

Spy at A likely area to bounce

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
I believe the larger bottom is in although it could still be a slow recovery. Right now it appears we are at a reasonable support level at the trend line and 50dma. There also looks like what could be a inverse head and shoulders forming. While I’m not a huge fan of relying on these patterns a measured move could lead to 500-520 if it confirms.
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