Spy ends the day with Bullish Engulfing

Long

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Mis à jour

AMEX:SPY SPDR S&P 500 ETF TRUST

Bullish engulfing daily candle with a nice close above the 20 ma, RSI is showing signs of bullish divergence. With FOMC more than 1 month away I think we'll recapture the 50ma and retest the trendline resistance in the next week or two.

Commentaire:

Nice bullish continuation today. Bought a 02/11 460 put near close for a short term trade. Gap below + CPI numbers tomorrow which will have some downward pressure. Still bullish.

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