This is the SPY 4hr chart. As you can see in the chart, in the latest trend, the price hasn't gone below the initial impulse move low below the 50 MA Blue line. We now have a bullish engulfing candle. You could buy now and put a stop below the recent low. Let me know your thoughts!
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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.