SPDR S&P 500 ETF TRUSTPembelian
S&P 500: Bullish Gartley Above Demand Line
The Hourly setups have been stopped out and the SPX has gone significantly deeper but now looking at the Daily Setup and it gives reason to think it can continue up from here. We are at the Demand line of the Descending Broadening Wedge and are trading at what could be a Bullish Gartley. From this point I'd put stops below the 800 Day EMA and enter bullish positions at the current level and see how it goes over the coming weeks to see if we can get a Break Hook and Go.
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