If SPY Holds Higher Low Today Then Headed Back to 106

If SPY Holds Higher Low Today Then Headed Back to 106

SPY has broken through the shorter term downtrend line (B). I expect SPY to drop one more time today and find support either at trendline B or at one of the support levels 102, 101.1. I believe that SPY will hold these levels today and that today will be the best buying opportunity that we have had in months. I will again be adding long positions throughout the day.

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