Replies to post #253618 on SPDR S&P 500 (SPY)

[NetNeutral]

OK, blew dat suck-r up for ya, check out the last three bars??

[NetNeutral]

Bad news Bears, Spy managed to Close above the Yearly OE Pivot(266.51) on 2/13(266.00), bullish!

Spy breached the R1(269.84) on yesterday(272.93), and threatens to close above the R3(273.17) today as premarket indicates a gap up above said level!??

In addition, Spy managed Close above the COTrend(269.54) yesterday(272.92) and triggered a Buy Signal with a close above the R3(273.17) confirming said Buy Signal??

In summary, the 4 hour chart is in a Perfect "V" recover projecting 283.17 as a target for Tuesday 2/20????

Good trades ALL...



R7, 289.83, 8.75%
R6, 286.50, 7.50%
R5, 283.17, 6.25%
R4, 279.84, 5.00%
R3, 276.50, 3.75%
R2, 273.17, 2.50%
R1, 269.84, 1.25%

Pivot, 266.51, 0.0%

S1, 263.18, -1.25%
S2, 259.85, -2.50%
S3, 256.52, -3.75%
S4, 253.18, -5.00%
S5, 249.85, -6.25%
S6, 246.52, -7.5%
S7, 243.19, -8.75%