SPY S&P500 ETF W-Shaped Recovery

8 Ağu

If you haven`t bought the previous correction:

Now historically, the SPY S&P500 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.

I expect the recovery to be V-shaped or W-shaped, ending the year higher.

19 Ağu

İşlem kapandı: hedefe ulaştı

SPY looking more like a V shaped recovery!