If you saw the previous charted posted, the SPY has surpassed its 61% target. Even with the Vix looking like it has room to go down to a bit more, I feel that the gas is running low on this run and would need a retracement. No trying to time the market but a retracement to $463 would bee 38% of the previous low. I believe in small retracements and taking advantage of them instead of looking for big moves. Let's see how this pans out!
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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.