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norok

Buy SPY

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
norok Wizard  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis 50retracement spike-trading SPDR S&P 500 ETF (SPY)
18
5
trendanalysis 50retracement spike-trading spy
I have been watching SPY and /ES pull back from February's malaise, following January's rally, and it has now gotten to the key 50% Retracement Level of the October - January trend.

My spike indicator also triggered on this morning's opening 30 minute bar.
snapshot

This sets up a textbook long trade in the SPY itself.
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