AssetDesign

SPY - Strong Momentum

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
The bull case continues to prevail and a new wave structure is unfolding. It appears that we are in the third wave of a third wave up. A 1.618 wave projection shows that price can reach 580. Following the current trendline, this price could be achieved in July. As wave 3 moves are generally the strongest, one can load up on cheap option spreads like the June/July 540-550 call for $1 or less.

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