SPY is seasonally weak in August. Thus the pullback is timely, especially after such a rally.
Levels to look out for is 5200-5300 which constitutes about 5-8% DD.
If it drops to 5100, then it's truly a gift to start leveraging into the EOY election rally.
Levels to look out for is 5200-5300 which constitutes about 5-8% DD.
If it drops to 5100, then it's truly a gift to start leveraging into the EOY election rally.
Note
Coming into play now. 5300 levels. Will wait for my algo to initiate buying.Note
Algo started buying and orders got triggered 5300 down to 5100. Now we're longTrade closed: target reached
Perfect entry into EOY rally. Taking profit here after struggling to stay above 6k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.