AltamashPorbanderwala

SPY party continues till the next CPI Report in March

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY has setup a bullish ascending triangle on the weekly RSI and has just broken out of it and retested it successfully I think it is safe to assume 420 at the minimum and could push higher past it as well. Once RSI is in the overbought territory will have re-evaluate heading into Q2 and onwards.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.