Time to Buy

Time to Buy

Finally, SPY is set to gap down and open ~106.1 this will nearly fill the gap at 106.01. The main thing to look for today is whether or not SPY can hold a higher low than 104.38. Trendline B may offer support and SPY may hold there. Notice that SPY is gapping down below trendline A so it may be possible that trendline A offers resistance. I believe today and possibly tomorrow are the best times to open long positions provided that SPY holds a lower low.

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