it looks like spy is going to set a new higher higher higher close soon. the price has recently broken above the resistance line of the ascending triangle formation. the breakout is considered to be confirmed now.
next goal for buyers is 3413 level. it is based on a long wick of 6th August candle.
because the market is trading on daily highs, I would suggest risking no more than 0.5% of your deposit.
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