Dead Cat or Rally?
Same as the QQQ chart, SPY has completed the measured DBW move. Has cleared major pivot fibs, but the gap up stopping at the .782 could be just an exhaustion gap. Scaling into short term hedges 4-5 weeks out at .618 and .382 retrace
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.