Just like QQQ, SPY has approached my indicator's oversold level. Everytime in the past, it has a decent bounce, 5%-10%. Consider we are in the 9th inning of this cycle, lets shoot for a 5% bounce.
I would accumulate longs at around 2600-2650 level if there are any. For a target price 2750-2780.
I would accumulate longs at around 2600-2650 level if there are any. For a target price 2750-2780.
