Wait for a better entry-point
The chart looks bullish. We broke out of the triangle pattern, volume is rising. We also had a nice EMA cross.
However a smaller pullback is very likely, because SPY and QQQ are way overbought. I would step in if we backtest the 69.05 level and manage to close above that.
However a smaller pullback is very likely, because SPY and QQQ are way overbought. I would step in if we backtest the 69.05 level and manage to close above that.
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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.