SPDR S&P 500 ETF TRUSTPembelian
$SPY 4HR
SPY, what a journey from march lows. We broke through 400, now expecting 397-398 backtest this week. There will be no crash or selloff without the big boys of SPY playing a part. Till then it will just be corrections every now and then. Just look at the chart bears lose more than they win. They lose a mile to win a inch. There is no reason to consider shorting this garbage for now, 407-410 will come before there is good short R:R. Until then dip buyers will clearly be rewarded. April is seasonally good, while may is always garbage.
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