sion77mg

long spy

Long
sion77mg Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
a bullish guideline can be seen since February, which as long as it does not break down should serve as support for extensions towards 430/425, that is the base scenario.
as long as closings below 406 do not consolidate, the environment remains clearly bullish.
Only if you definitely lose 406 would we talk about extensions to 380 again. (red line).
Trade closed: target reached:
we have reached the target (429-431), from this point we will wait for new configurations, possibly a price correction.

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