SPY: Ascending Channel. This is why I'm still long on market
SPY in a channel.
This is why I'm still long on the market.
Price action bouncing off the 50MA and bottom of the channel whenever it reaches it.
Watching for a breach in the bottom of the channel with a possible bounce back off the 200MA.
Support around 384-385$ in red
This is why I'm still long on the market.
Price action bouncing off the 50MA and bottom of the channel whenever it reaches it.
Watching for a breach in the bottom of the channel with a possible bounce back off the 200MA.
Support around 384-385$ in red
