SPY Dip Buying

SPY Dip Buying

SPY has a gap to fill at 109.22 on the upside, but SPY is overdue for a pullback, especially after breaking the uptrend line (A). So a brief pullback to 106.8 may be in order before SPY continues onwards to 109.22. SPY may trade as high as 108.4 (backtest of trendline A) before pulling back.

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